Moderate market activity amidst fully subscribed T-bond auction

Moderate market activity amidst fully subscribed T-bond auction

The secondary market withstood a session marked by moderate levels of activity yesterday, with investor focus centered around yesterday’s T-Bond auction.

The yield curve remained largely stable, although the 2036 tenor saw a noteworthy upward push. Among the actively traded maturities, the 15.08.2030 and 15.10.2030 bonds traded at 11.62%, while the 15.03.2031 maturity traded at 11.80%, followed by the15.12.2032 bond, which traded from 12.15% to 12.20%. Further along the curve, the 15.10.2034 maturity traded from 12.60% to 12.65%. 

Lastly, the 15.08.2036 maturity was seen changing hands at12.90%. Yesterday, the PDMO concluded a T-Bond auction, raising LKR 100.0bn, in line with what was initially offered. All three maturities, namely the 2030, 2034 and 2036 bonds raised exactly their respective offered amounts of LKR 40.0bn, LKR 40.0bn and LKR 20.0bn respectively.

The WAYR for the 2030, 2034 and 2036 maturities stood at 11.44%, 12.61% and 12.85%, respectively .On the external front, the LKR depreciated against the USD, standing at LKR 332.49/USD, compared to LKR 332.41/USD seen earlier. 


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