Selling pressure nudges yield curve slightly upward

By First Capital Research 

The secondary market saw a degree of selling pressure yesterday, leading to a slight upward shift in the overall yield curve. However, market activity remained subdued, with extremely low trading volumes.

Among the maturities traded, the 01.07.2028 bond moved within a tight range of 9.75% to 9.80%. Further along the curve, the 01.06.2033 bond was traded at 11.00%.

On the external front, the LKR depreciated against the USD, closing at Rs. 315.45/USD compared to Rs. 315.38/USD recorded previously. Liquidity in the banking system contracted to Rs. 225.43bn from Rs. 231.84bn recorded previously.