Yield curve stable as dull sentiment extends

17 April 2024 09:20 am Views - 136

By First Capital Research
The secondary market yield curve remained broadly unchanged during yesterday, with investors adopting a cautious stance amidst uncertainties surrounding external debt restructuring talks and the ongoing holiday season, which limited market participation. 
Despite subdued trading activity, there were some transactions observed in liquid maturities during today’s session.  Accordingly, 01.08.2026 registered trades at 11.15 percent whilst 15.12.2026 hovered between 11.35 percent -11.30 percent. 
Further, 15.12.2028 traded at 12.10 percent. Meanwhile, CBSL expects to raise Rs. 78.0bn from today’s T-Bill auction. Overnight Liquidity closed at Rs. 138.3bn and CBSL Holdings remained stagnant at Rs. 2,675.6bn. On the external side, LKR depreciated against the greenback after consecutive sessions of gains, closing at Rs. 298.9.