Sri Lanka, Oct. 14 -- The secondary government market recorded subdued trading activity ahead of yesterday's T-bond auction, resulting in the yield curve remaining broadly unchanged from the previous day. Among the limited number of trades, the 15.10.2029 maturity was quoted at a yield of 9.68 percent.

At the T-bond auction held yesterday, the Central Bank raised a total of Rs.162.1 billion, approximately 10.4 percent below the initial offer of Rs.181.0 billion. The funds were mobilised through the issuance of bonds maturing in 2030, 2033 and 2037, which recorded weighted average yields of 9.80 percent, 10.72 percent and 11.01 percent, respectively.

On the external front, the Sri Lankan rupee appreciated against the US dollar, closing a...