23 November 2024 02:58 am Views - 649
By First Capital Research
The secondary market yield curve remained relatively fixed and broadly unchanged amidst a notable lack of activity in the market yesterday.
Investors adopted a cautious wait-and-see stance ahead of the upcoming Monetary Policy Meeting scheduled for 27th Nov-24, and in anticipation of the conclusion of the 3rd review by the IMF.
Amongst the traded maturities, limited activity was seen amongst the 2028 maturities, where 15.03.28 and 01.05.28 were seen trading at a rate of 11.12%.
Meanwhile, on the external front, the LKR depreciated against the USD, closing at Rs. 290.99/USD, compared to Rs. 290.98/USD recorded the previous day.
Conversely, the LKR appreciated against the GBP, closing at Rs. 366.23/GBP compared to Rs. 368.30/GBP recorded the previous day.
Similarly, the LKR appreciated against other major currencies including the EUR, and CNY. CBSL holdings of government securities remained unchanged, closing at Rs. 2,515.62bn yesterday. Overnight liquidity in the banking system contracted to Rs. 133.29bn from Rs. 143.37bn recorded the previous day.