Subdued trading activity keeps yield curve unchanged

By First Capital Research

Market activity remained relatively subdued yesterday, with thin trading volumes leaving the overall yield curve largely unchanged. 

As it was the final trading day of the week and ahead of next week’s scheduled bond auction, market participation was minimal. At the short end of the curve, the 15.05.2028 maturity traded at 9.05 percent. In the 2029 segment, the 15.06.2029 and 15.09.2029 maturities traded at 9.40 percent and 9.49 percent, respectively. The 15.05.2031 maturity was exchanged at 9.90 percent. Further along the curve, 01.10.2032 traded at 10.23 percent, followed by 01.06.2033 at 10.53 percent and 15.06.2034 at 10.70 percent. Finally, at the long end, the 01.07.2037 maturity traded at 10.92 percent. On the external front, the Sri Lankan rupee appreciated against the US dollar, closing at Rs.309.31/US dollar, compared to Rs.309.38/US dollar recorded the previous day.