Muted market ahead of T-bond auction

By First Capital Research
Ahead of the T-bond auction to be held by the PDMO today, the secondary market saw sluggish movement during the day. 
The yield curve broadly stood stable across the maturities. 
Among the trades that took place, the short tenure 15.02.2028, 15.10.2028 and 15.12.2028 bonds traded at 9.60 percent, 9.77 percent and 9.80 percent, respectively. 
Moving ahead, 15.06.2029 was dealt at 9.85 percent, while both 15.09.2029 and 15.10.2029 changed hands at 9.90 percent. 
Moreover, both 01.03.2030 and 15.05.2030 were traded at 10.10 percent and 15.06.2034 maturity was quoted at 11.20 percent. 
On the external front, the Sri Lankan rupee depreciated against the US dollar, standing at Rs.321.87/US dollar, compared to Rs.321.63/US dollar seen previously. 
Overnight liquidity in the banking system expanded to Rs.262.96 billion, from Rs.253.66 billion recorded previously.