Moderate levels of activity persist in secondary market

By First Capital Research 

The secondary market recorded moderate activity yesterday; however, this had no impact on the overall yield curve, which remained stable.

Among the trades executed, short-term maturities such as 15.10.2027 and 15.12.2027 traded within a range of 8.71% to 8.73%, while 01.05.2028 traded at 8.97%.

In the 2029 segment, 15.06.2029, 15.09.2029, and 15.12.2029 were traded within a range of 9.43% to 9.55%. The 15.05.2030 maturity saw trades at 9.58%, whereas 01.07.2030 traded at a higher yield of 9.72%.

Further along the curve, 15.03.2031 traded at 10.02%. In the 2032 segment, 01.10.2032 and 15.12.2032 traded between 10.40% and 10.45%.Finally, in the 2033 segment, 01.06.2033 and 01.11.2033 were traded at yields ranging from 10.70% to 10.75%.

On the external front, the LKR appreciated marginally against the USD closing at Rs. 302.0/USD compared to Rs. 302.1/USD recorded the previous day. Overnight liquidity in the banking system contracted to Rs. 133.5bn from Rs. 137.7bn recorded the previous day.