Mixed sentiment marks start of week in secondary market

By First Capital Research

The secondary market opened the week on a mixed note yesterday, marked by selling pressure in the 2029 maturities alongside buying interest in longer-term tenors. However, overall trading volumes remained subdued throughout the day.

Among the trades executed during the day, the 15.10.2028 maturity, transacted at a yield of 9.25%. Within the 2029 segment, the 15.06.2029 bond traded at 9.70%, while the 15.10.2029 and 15.12.2029 maturities were executed at yields of 9.72%. 

In contrast, activity in the longer-dated segment reflected buying interest, with the 15.09.2034 and 15.06.2035 maturities trading at 10.82% and 10.90%, respectively.

On the external front, the LKR appreciated against the USD, closing at Rs. 302.48/USD vs. Rs. 302.52 seen previously. Overnight liquidity in the banking systemslightly contracted to Rs. 152.2bn from Rs. 172.4bn recorded the previous day.