Secondary market sees moderate volumes alongside consistent buying

By First Capital Research

The secondary market yesterday saw buying interest, while the trading volumes stood at moderate levels.

Trades executed over the short-to-long end maturities, while the yield curve broadly stayed steady.

Amongst the traded maturities, over 2028 segment, 15.03.2028 traded at 9.00%, while both 01.05.2028 and 01.07.2028 traded in the range of 9.10%-9.12%. 

Moving forward, 01.05.2029 and 15.09.2029 maturities changed hands at 9.45% and 9.54% respectively. 

Moreover, 01.03.2030, 15.03.2031, 01.10.2032, 01.06.2033 and 15.06.2034 were dealt at 9.67%, 9.90%, 10.25%, 10.60% and 10.80% respectively. 

Further along the long-end of the curve, 15.06.2035 changed hands at 10.85%. 

On the external front, the LKR depreciated against the USD, closing at Rs. 309.51/USD compared to Rs. 309.45/USD recorded the previous day. 

Overnight liquidity in the banking system expanded to Rs. 266.13bn from Rs. 212.55bn recorded previously.