Yields hold steady amid dormant activity

By First Capital Research

The secondary market withstood yet another lethargic session prompting the yield curve to remain largely static. Yesterday’s trading volumes were limited, and significant transactions were scarce. 

Amongst the few trades that took place, 15.06.2029, 15.07.2029, 15.09.2029 and 15.10.2029 traded at 9.30%, 9.40%, 9.35% and 9.36% respectively. Moving ahead, 15.05.2030 was seen changing hands at 9.47% while 15.07.2030 and 15.10.2030 both traded within 9.45% to 9.57%. 

In the forex market, the LKR appreciated against the greenback, closing at Rs. 301.0/USD, compared to the previously seen rate of Rs. 301.6/USD. 

Meanwhile, overnight liquidity in the banking system dipped marginally to Rs. 93.3bn from the previously seen level of Rs. 94.0bn.