Mixed activity and moderate volumes see overall yield curve broadly stable

By First Capital Research

The secondary market saw mixed activity, with moderate volumes, leaving the overall yield curve largely stable.

At the short end, the 01.05.2027 maturity traded at 8.70 percent. In the 2028 segment, the 15.03.2028, 01.05.2028 and 15.12.2028 maturities traded within a range of 9.50 percent-9.65 percent. 

The 15.06.2029 maturity traded between 9.80 percent and 9.85 percent, while the 01.03.2030 maturity was quoted in the range of 9.85 percent-9.90 percent. 

Further along the curve, the 15.03.2031 maturity traded around 10.00 percent-10.05 percent, followed by the 15.12.2032 maturity at 10.50 percent and the 01.11.2033 maturity at 10.90 percent.

On the external front, the Sri Lankan rupee depreciated against the US dollar, closing at Rs.314.39/US dollar, compared to Rs.313.51/US dollar recorded previously. 

Liquidity in the banking system contracted to Rs.288.31 billion, from Rs.292.29 billion recorded previously.