Yields stay steady amidst limited participation

By First Capital Research
The secondary market yield curve remained broadly stable, reflecting subdued activity and thin trading volumes across the market. 
Among the traded maturities, 01.05.27 and 15.01.28 were seen trading at 10.60 percent and 11.05 percent, respectively. 
Meanwhile, the auction maturities 15.09.29 and 01.12.31 changed hands at 11.81 percent and 12.00 percent, respectively in the secondary market. 
Moreover, the Central Bank announced an issue of Rs.230.0 billion T-bills through an auction to be held on June 19, 2024, out of which Rs.75.0 billion is to be raised from the 91-day maturity, Rs.90.0 billion is expected to be raised from the 182-day maturity while Rs.65.0 billion is to be raised from the 364-day maturity. On the external front, the Sri Lankan rupee continued to depreciate against the US dollar for the fourth straight day, closing at Rs.303.8/USD. Moreover, overnight liquidity for the day was recorded at Rs.123.9 billion while the Central Bank holdings remained steady at Rs.2,615.6 billion.