Secondary market ends week on quiet note

By First Capital Research

Following the conclusion of the T-bond auction on Thursday, activity in the secondary market remained subdued yesterday as the week drew to a close. 

Trading volumes were thin, with investor participation staying relatively muted, which in turn kept the yield curve largely unchanged.

Notable transactions were limited, reflecting the cautious tone that prevailed throughout the session. However, some activity was observed at the longer end of the curve, with the 15.09.2034 maturity changing hands at a yield of 10.80 percent.

In the forex market, the Sri Lankan rupee appreciated slightly against the greenback, closing at Rs.301.9/US dollar, compared to the previously seen rate of Rs.302.0/US dollar. Meanwhile, overnight liquidity in the banking system expanded to Rs.178.6 billion, from the previously seen level of Rs.169.6 billion.