Mixed sentiment inverts the secondary market

By First Capital Research
The secondary market witnessed a mixed sentiment during the day backed by limited activity and thin volumes as investors eagerly yearned for clear direction and market sentiment. 
Towards the short end of the curve, slight selling interest was witnessed on 15.12.26, which traded at 10.90 percent. 
Furthermore, 15.12.27, which was traded at the T-bond auction yesterday witnessed buying interest and marked trades during the day, registering at 11.80 percent. Furthermore, selling interest gathered around liquid maturities namely, 15.01.28, 15.02.28 and 01.05.28, which traded between the range of 11.85 percent-12.00 percent. Towards the mid end of the curve, 01.12.31 tenure traded at 12.65 percent. 
On the external side, the LKR slightly appreciated for the 4th consecutive day recording at Rs.303.3. the Central Bank announced an Rs.110.0 billion T-bill auction scheduled for the July 17, 2024 where, Rs.30.0 billion is expected to be raised from 91-day maturity, another Rs.30.0 billion from 182-day maturity and Rs.50.0 billion from 364-day maturity.
Overnight liquidity improved to Rs.130.4 billion today from Rs.122.3 billion recorded during the previous day. Moreover, the Central Bank holdings remained stagnant at Rs.2,595.6 billion for the 11th consecutive day.