Mixed interest drives the secondary market

By First Capital Research

The secondary market displayed a mixed sentiment throughout yesterday on the back of low volumes continuing the trend from the previous sessions. 

Selling interest centred around mid tenors whilst long tenors experienced buying interest. 

Accordingly, towards the belly end of the curve, liquid tenors recorded trades namely, 15.09.27 maturity traded between the range of 11.43%-11.50%. 15.03.28, 01.05.28, 01.07.28, 15.12.28 traded between the range of 11.72%-11.95%. 15.06.29, 15.09.29 tenors traded at 12.05%. 

Towards the long end of the curve, 15.05.30 traded between 12.20%-12.25% whilst 01.12.31 tenor traded between the range of 12.35%-12.32%. on the external side LKR remained stagnant against the USD recording at Rs. 293.3 during the day. 

However, LKR appreciated against most of the major currencies during the day namely GBP, EUR, JPY and AUD. Overnight liquidity increased to Rs. 153.6 whilst CBSL holdings remained stagnant at Rs. 2,515.6.