Secondary market sees limited activity amid mixed yield movements

By First Capital Research 

Echoing the previous day’s subdued tone, the secondary market saw mixed movements amid low trading volumes yesterday.

Among the limited activity, the short end of the yield curve saw the 01.05.2027 maturity trade at 8.40%, while the 15.03.2028 and 01.07.2028 bonds changed hands between 8.75% and 8.82%. 

Further along the curve, the 15.10.2029 and 15.12.2029 maturities traded within a narrow range of 9.39% to 9.40%. The 15.05.2030 and 01.07.2030 issues were quoted between 9.42% and 9.45%. 

In the 2032 segment, both the 01.10.2032 and 15.12.2032 bonds traded in the range of 10.20% to 10.22%, while the 15.01.2033 traded at 10.60%. At the longer end of the curve, the 01.07.2037 bond was seen trading between 11.03% and 11.05%.

In the forex market, the LKR appreciated against the greenback, closing at Rs. 300.9/USD, compared to the previously seen rate of Rs. 301.0/USD. 

Meanwhile, overnight liquidity in the banking system expanded to Rs. 118.16bn from the previously seen level of Rs. 108.18bn.