The secondary market sees buying interest amidst steady yields

The secondary market saw some buying interest amid moderate volumes, with trades executing from mid-to-long-term maturities. The yields held steady across all the tenors. 

Over 2028 segment, 01.09.2028, 15.10.2028 and 15.12.2028 were traded within the range of 9.18%-9.22%. Moving ahead, 15.09.2029 and 15.12.2029 maturities traded between 9.64%-9.75%. Further along the curve, both 15.03.2031 and 01.12.2031 changed hands between 10.10%-10.00%, while 01.06.2033 traded within bounds from 10.70%-10.72%. Furthermore, towards the long-end, 15.06.2035 changed hands in the range of 11.07%-11.10% and 15.08.2039 traded at 11.05%. 

On the external front, the LKR depreciated against the USD, closing at LKR 309.74/USD compared to LKR 309.66/USD recorded the previous day. Overnight liquidity in the banking system expanded to LKR 200.77Bn from LKR 196.08Bn recorded previously.