Subdued secondary market activity keeps yield curve unchanged

By First Capital Research

The secondary market remained subdued yesterday, with low activity and thin trading volumes, leaving the overall yield curve unchanged.

In terms of traded securities, within the 2028 maturities, the 01.05.2028 bond traded at 9.10 percent, 01.07.2028 at 9.15 percent and both 15.09.2028 and 15.10.2028 at 9.20 percent. 

In the 2029 segment, the 15.06.2029 bond traded at 9.52 percent, while the 15.09.2029 and 15.10.2029 issues traded at 9.60 percent. 

Meanwhile, the 01.07.2030 bond recorded trades at 9.74 percent and the 15.09.2034 maturity closed at 10.70 percent.

On the external front, the Sri Lankan rupee depreciated against the US dollar, closing at Rs.304.4/US dollar, compared to Rs.304.3/US dollar seen previously. 

Overnight liquidity in the banking system expanded to Rs.155.1 billion, from Rs.153.7 billion recorded the previous day.