Trading stays mixed amidst moderate volumes

By First Capital Research
The secondary market witnessed a session filled with mixed activity and moderate volumes.
Among the trades executed yesterday, a handful of 2028 maturities, including the 15.03.2028, 01.05.2028, 01.07.2028 and 15.10.2028 bonds, traded within a yield range of 9.15 percent to 9.26 percent. 
Moving on to 2029 maturities, 15.06.2029, 15.09.2029 and 15.12.2029 bonds traded between 9.55 percent and 9.71 percent. 
The 01.07.2030 maturity also registered some selling activity, with trades ranging between 9.78 percent and 9.75 percent. Finally, at the belly end, the 01.10.2032 and 15.12.2032 maturities changed hands at 10.35 percent. 
The PDMO conducted the weekly T-bill auction, raising Rs.100.0 billion, in line with the initial offer, with bids totalling Rs.247.3 billion. Accepted amounts stood at Rs.10.8 billion, Rs.80.5 billion and Rs.8.8 billion for three-month, six-month and 12-month tenures, respectively. 
The weighted average yields increased by 14 bps to 7.88 percent, 17 bps to 8.44 percent and 2 bps to 8.47 percent, across all three-month, six-month and 12-month maturities, respectively.
On the external front, the Sri Lankan rupee depreciated against the US dollar, closing at Rs.310.02/US dollar, compared to Rs.309.85/US dollar recorded the previous day. 
Overnight liquidity in the banking system contracted to Rs.158.7 billion, from Rs.175.2 billion recorded previously.