Low participation keeps market activity subdued

By First Capital Research

The secondary market yield curve yesterday experienced low trading volumes and subdued activity amidst low investor participation.

Among the maturities traded, the 15.02.2028 was quoted at 9.65%, while the 15.06.2029 maturity traded at 9.85%. Further along the curve, the 15.09.2029 and 15.10.2029 maturities were seen trading at 9.95%. 

Meanwhile, both the 01.03.2030 and 01.08.2030 bond maturities traded at 10.10%.On the longer end, the 01.10.2032 maturity traded between 10.75% and 10.85%, while the 15.06.2034 maturity was quoted at 11.24%.

On the external front, the LKR depreciated against the USD, standing at Rs. 323.96/USD, compared to Rs. 322.28/USD seen previously. Overnight liquidity in the banking system contracted marginally to Rs. 253.75bn from Rs. 255.68bn recorded previously.