Secondary market activities take a slight pause

By First Capital Research
The secondary market yield curve remained broadly unchanged during yesterday’s session as investors took a breather following the primary market auctions. 
Despite the limited activities, few maturities on the mid to long end witnessed some trades. Accordingly, on the 2028 bond, 01.05.2028 and 01.07.2028 closed transactions at 10.35 percent and 10.40 percent levels, respectively. The 15.09.2029 maturity enticed trades at 10.75 percent while on the long end, 15.03.2031 closed at 11.30 percent during the day. 
On the external side, the Sri Lankan rupee continued to appreciate against the greenback for the third consecutive day. Accordingly, the rupee closed at Rs.290.26/US dollar, compared to the previous day’s closing of Rs.290.30/US dollar. Similarly, the rupee appreciated against the other major currencies such as the GBP, EUR, JPY and AUD during the day. 
Meanwhile, the overnight liquidity levels continued to hover around Rs.200.0 billion levels for nearly a week while closing at Rs.215.10 billion by the end of day yesterday. However, the Central Bank holdings remained stagnant at Rs.2,515.62 billion.