2028 and 2029 maturities draw quiet interest

By First Capital Research

The secondary market showed signs of selective investor interest yesterday, with a noticeable uptick in demand for the bonds maturing in 2028 and 2029. 

While activity in these segments gained some traction, overall market volumes remained measured, suggesting a cautious yet opportunistic approach by market participants.  

The 2028 maturities ranging from 15.02.2028 to 15.12.2028 were seen trading between 8.70 percent to 8.90 percent. In terms of the 2029 maturities, 15.06.2029, 15.09.2029 and 15.12.2029 changed hands within the 9.35 percent to 9.42 percent range. The day’s significant transactions were largely confined to these specific segments, highlighting the focused yet cautious sentiment that prevailed through the day.

In the forex market, the Sri Lankan rupee appreciated marginally against the greenback, closing at Rs.299.96/US dollar, compared to the previously seen rate of Rs.299.97/US dollar. Meanwhile, overnight liquidity in the banking system expanded to Rs.138.1 billion, from the previously seen level of Rs.128.8 billion.