Muted action wraps up the trading week

By First Capital Research 

The secondary market withstood a lukewarm day yesterday ahead of the impending long weekend. Notable transactions were scarce, though measured interest was evident in the short to mid end of the curve. 

At the short end of the curve, 15.10.2027 was seen changing hands at 8.60%. In terms of 2029 maturities, 15.09.2029 and 15.10.2029 traded between 9.37% to 9.38% while 15.12.2029 traded marginally higher at 9.40%. Moving ahead, 15.10.2030 maturity traded at 9.55%. Finally, 01.07.2032 and 15.12.2032 traded at 10.45% and 10.30% respectively. 

In the forex market, the LKR appreciated slightly against the greenback, closing at Rs. 300.8/USD, compared to the previously seen rate of Rs. 300.9/USD. Meanwhile, overnight liquidity in the banking system dipped to Rs. 88.5bn from the previously seen level of Rs. 92.1bn.