Secondary market yield curve holds steady ahead of bond auction

By First Capital Research

Ahead of the T-bond auction scheduled for November 13, 2025, the secondary market showed a slowdown in activity, although some buying interest re-emerged. 

The secondary market yield curve remained broadly stable, experiencing limited trading activity.

Among the traded maturities, 01.05.2028 and 01.07.2028 changed hands at 8.90 percent and 8.95 percent, respectively, while 15.10.2028 and 15.12.2028 were traded at 9.00 percent. 

The 15.06.2029, 15.09.2029 and 15.10.2029 maturities traded at the rates of 9.34 percent, 9.39 percent and 9.40 percent, respectively. In the 2030 maturities, 15.05.2030, 01.07.2030, and 15.10.2030 traded at the rates of 9.55 percent, 9.56 percent and 9.60 percent, respectively. 

Meanwhile, the 15.09.2034 maturity changed hands at the rate of 10.56 percent.

On the external front, the Sri Lankan rupee appreciated marginally against the US dollar, closing at Rs.304.39/US dollar, compared to Rs.304.95/US dollar seen previously. Overnight liquidity in the banking system expanded to Rs.145.28 billion, from Rs.142.49 billion recorded on the previous day.