Secondary market holds steady amid mixed sentiment

By First Capital Research

The secondary market witnessed moderate trading volumes and mixed sentiment during the session, resulting in the overall yield curve remaining unchanged. 

In the short-tenor segment, the 15.03.2028 traded at 9.02 percent, while the 01.05.2028 and 01.07.2028 maturities traded in the 9.10 percent-9.15 percent range. 

The 15.12.2028 was seen trading at 9.21 percent. In the 2029 segment, the 15.10.2029 and 15.12.2029 traded between 9.60 percent and 9.65 percent. 

Further along the curve, 01.03.2030 traded in the 9.70 percent-9.72 percent range, while 15.05.2030 and 01.07.2030 traded between 9.73 percent and 9.76 percent. In the 2031 segment, 15.03.2031 and 15.05.2031 traded between 9.92 percent and 10.05 percent. The 01.10.2032 maturity traded at 10.28 percent, while 01.06.2033 traded in the 10.65 percent-10.67 percent range. 

The 15.06.2034 maturity was seen trading between 10.80 percent and 10.85 percent and the long end, 15.06.2035, traded at 10.92 percent. 

On the external front, the Sri Lankan rupee appreciated against the US dollar, closing at Rs.309.50/US dollar, compared to Rs.309.65/US dollar seen previously. Overnight liquidity in the banking system expanded to Rs.233.13 billion, from Rs.194.26 billion recorded previously.