Mixed market activity with focus on 2028 and 2029 maturities

By First Capital Research 

The secondary bond market exhibited a mixed performance yesterday, with trading activity concentrated primarily in securities maturing in 2028 and 2029.

Within the 2028 segment, interest was observed in the 01.07.2028 and 01.09.2028 maturities, which changed hands within a narrow yield band of 8.98% to 9.00%. 

Meanwhile, within the 2029 segment, 15.09.2029, 15.10.2029, and 15.12.2029 maturities traded at yields ranging from 9.50% to 9.56%. 

In the forex market, the LKR appreciated against the greenback, closing at Rs. 302.0/USD compared to Rs. 302.3/USD seen previously.

Meanwhile, overnight liquidity in the banking system expanded marginally to Rs. 127.4bn from the previously seen level of Rs. 126.4bn.