Selling pressure builds on long tenors

By First Capital Research

Yesterday, the 2029 segment saw mixed trading activity, while selling pressure emerged on the long tenors. 

Overall, the secondary market recorded moderate trading volumes, while themid- and long-term yields slightly edged up. Over 2029 category, 15.06.2029, 15.07.2029, 15.09.2029, 15.10.2029 and 15.12.2029 traded in the range of 9.35%-9.48%. 

Moving ahead, 01.03.2030 maturity traded within 9.51%-9.53%. Moreover, 15.03.2031, 01.10.2032, 01.06.2033, 15.06.2034 and 15.09.2034 changed hands at 9.72%, 10.12%, 10.40%, 10.65% and 10.67% respectively. 

Towards the long-end, 15.06.2035, 01.07.2037 and 15.08.2039 were dealt at 10.75%, 10.85% and 10.92% respectively.

On the external front, the LKR slightly depreciated against the USD, closing at Rs. 309.22/USD compared to Rs. 309.21/USD recorded the previous day.

Overnight liquidity in the banking system contracted marginally to Rs. 270.41bn from Rs. 270.99bn recorded previously.