Yield curve stays static as week draws to a close

By First Capital Research

While the secondary market appeared to have emerged from the previous day’s slump, the week came to an end on a rather lukewarm footing. 

Investor sentiment appeared mixed while market volumes were somewhat moderate as the yield curve remained static. 

Amongst the noteworthy trades that took place yesterday, 15.12.2029 was seen trading between 9.68 percent and 9.70 percent while 01.07.2032 changed hands between 10.80 percent and 10.85 percent. Finally, the 01.11.2033 maturity was also seen trading at a rate of 10.72 percent. 

On the external front, the Sri Lankan rupee depreciated marginally against the US dollar, closing at Rs.302.99/US dollar, compared to Rs.302.97/US dollar seen previously. Overnight liquidity in the banking system expanded slightly to Rs.143.54 billion, from Rs.140.38 billion recorded the previous day.