Secondary market remains subdued amid minimal activity

By First Capital Research

The secondary bond market continued to exhibit low activity yesterday, extending the muted sentiment seen in the previous sessions.Trading volumes remained extremely limited.

Among the few transactions that did occur, short-term maturities, specifically the bonds maturing on 01.05.2028, 01.07.2028, and 15.10.2028were traded within a yield range of 8.85% to 8.97%.

In the forex market, the LKR depreciated against the greenback, closing at Rs.301.3/USD, compared to the previously seen rate of Rs. 301.0/USD. 

Meanwhile, overnight liquidity in the banking system contracted to Rs. 85.9bn from the previously seen level of Rs. 86.5bn.