23 October 2024 12:13 am Views - 70
By First Capital Research
The secondary market yield curve remained broadly unchanged during yesterday. However, there was a moderate volume recorded, indicating improved investor interest ahead of the weekly auction.
Foreign buying emerged on the short tenor 2026, with trades registered between 10.45%-10.53% on the 01.06.2026 and 01.08.2026 maturities. Moreover, on the 3Yr bond, 15.09.2027 and 15.12.2027 recorded transactions within a range of 11.43%-11.45%.
Furthermore, several maturities from the 2028 bond traded; namely the 15.02.2028, 15.03.2028, 01.05.2028, 01.07.2028 and 15.12.2028 which changed hands within the range of 11.75%-11.95%. On the mid end, 15.05.2030 and 01.10.2032 registered trades within 12.20%-12.25% and 12.35%-12.37%, respectively.
A Rs. 125.0bn worth T-Bill auction is scheduled for today, raising Rs. 40.0bn from 91-days maturity whilst Rs. 42.5bn each being raised from both 182-days and 364-days maturities.
On the external side, LKR depreciated against the greenback yesterday, closing at Rs. 293.1/USD compared to previous day’s closing of Rs. 292.9/USD. However, the rupee displayed an appreciation against other major currencies such as the GBP, EUR, AUD and JPY. Meanwhile, overnight liquidity declined to Rs. 78.39bn and CBSL Holdings remained stagnant at Rs. 2,515.6bn.