Yield curve steady amid mixed trading sentiment

By First Capital Research 

The secondary market yield curve remained unchanged yesterday, reflecting mixed sentiment and mixed trading activity.

In the 2028 maturity segment, the 15.02.2028, 01.05.2028, 01.07.2028, and 15.12.2028 securities traded at yields of 8.99%, 9.05%, 9.08%, and 9.15%, respectively. 

Moving to 2029 maturities, the 15.06.2029, 15.09.2029, and 15.10.2029 maturities changed hands at yields of 9.40%, 9.45%, and 9.50%, respectively. 

Further along the curve, the 15.05.2030 maturity traded at 9.60%, while the 01.12.2031 maturity was transacted at 10.05%. Additionally, the 01.10.2032, 01.11.2033, and 15.06.2035 maturities traded at yields of 10.25%, 10.40%, and 10.65%, respectively.

On the external front, the LKR depreciated against the USD, closing at Rs. 309.26/USD compared to Rs. 309.15/USD seen previously. Overnight liquidity in the banking system expanded to Rs. 74.2Mn from Rs. 69.8mn recorded on the previous day.