Secondary market sees mixed activity amid moderate volumes

By First Capital Research

The secondary market yesterday depicted moderate volumes with mixed activity, whereas the yields broadly held steady. 

Among the tenors traded yesterday, in the 2028 segment, 15.02.2028, 15.03.2028, 01.05.2028 and 01.07.2028 traded within the range of 9.05%-9.15%. Over 2029 segment, 15.06.2029, 15.09.2029, 15.10.2029 and 15.12.2029 changed hands in the range of 9.55%-9.67%. 

Moving ahead, both 01.03.2030 and 01.07.2030 maturities traded at 9.70%. Also, 15.03.2031 and 01.12.2031 were dealt at 9.95% and 10.00% respectively. Moreover, 01.07.2032 traded at 10.45% and over the long-end, 15.06.2035 changed hands at 11.05%. 

On the external front, the LKR slightly appreciated against the USD, closing at Rs. 309.68/USD compared to Rs. 309.85/USD recorded the previous day. Overnight liquidity in the banking system contracted to Rs. 157.54bn from Rs. 189.06bn recorded previously.