Yields ease marginally amid moderate market activity

By First Capital Research

The secondary market saw moderate trading activity with steady volumes, while the overall yield curve softened slightly. 

Among the maturities traded, the 15.09.2029 bond was seen at 9.75 percent, while 15.12.2029 traded at 9.80 percent and 01.03.2030 at 10.00 percent. 

Further along the curve, the 15.03.2031 maturity moved within a narrow band of 10.00 percent-10.10 percent. In the 2033 segment, both the 01.06.2033 and 01.11.2033 maturities traded in the range of 11.00 percent-10.92 percent. 

Toward the longer end, the 15.06.2034 maturity was observed between 11.05 percent-11.00 percent, while 15.06.2035 traded at 11.05 percent. 

On the external front, the Sri Lankan rupee depreciated marginally against the US dollar, closing at Rs.311.4/US dollar, compared to Rs.311.3/US dollar recorded previously. 

Liquidity in the banking system contracted to Rs.323.0 billion, from Rs.351.0 billion recorded previously.