Subdued secondary market activity amid low volumes

By First Capital Research

The secondary market remained muted yesterday, with overall trading volumes staying low and notable transactions being sparse.

At the short end of the yield curve, bonds maturing on 15.02.2028, 15.03.2028 and 15.10.2028 traded in the 8.67% to 8.85% range. Moving into the 2029 maturities, 15.06.2029, 15.10.2029 and 15.12.2029 traded in the 9.30% to 9.40% range. Further along the curve, the 01.07.2030 maturity was exchanged at 9.50% to 9.51% and the 01.10.2030 maturity traded between 9.55% to 9.75%.

In the forex market, the LKR appreciated against the greenback, closing at LKR 301.6/USD, compared to the previously seen rate of LKR 302.2/USD. Meanwhile, overnight liquidity in the banking system expanded to LKR 94.0Bn, from the previously seen level of LKR 76.3Bn.