Secondary market opens on a soft note

By First Capital Research

The secondary market opened the week on a dull footing. 

Trading volumes were low while the yield curve held firm. 

The 2028 maturities showcased noteworthy activity with 15.02.2028 and 15.03.2028 changing hands between 8.98 percent to 9.00 percent while 01.05.2028 and 01.07.2028 traded at 9.05 percent and 9.06 percent respectively. 

Finally, 01.09.2028 and 15.12.2028 were seen trading at 9.10 percent. Moving ahead, 15.10.2029 traded at 9.48 percent and 01.10.2032 changed hands at 10.25 percent. These maturities registered minimal rate movements relative to the previous trading session. 

On the external front, the Sri Lankan rupee depreciated against the US dollar, closing at Rs.309.15/US dollar, compared to Rs.309.03/US dollar seen previously. Overnight liquidity in the banking system contracted to Rs.69.8 million, from Rs.106.8 million recorded on the previous day.