A dormant session marked by mixed sentiment

By First Capital Research

As the week wound down, the secondary market settled into a rather subdued rhythm. 

Overall sentiment was mixed, with trading activity particularly evident in the 2028 and 2029 segments of the curve. With volumes on the lighter side, yesterday marks a quiet end to an otherwise measured week.

On the short end of the curve, 15.02.2028 traded at 8.75 percent and 15.03.2028 traded slightly lower at 8.72 percent while 01.07.2028 and 15.10.2028 were seen trading at 8.85 percent and 8.90 percent, respectively. In terms of the 2029 maturities, 15.06.2029 traded at 9.42 percent, while 15.12.2029 changed hands marginally higher at 9.43 percent. Moving ahead on the yield curve, 15.05.2030 traded at 9.55 percent. Finally, the 01.12.2031 maturity was seen changing hands at a rate of 10.00 percent. 

In the forex market, the LKR depreciated marginally against the greenback, closing at LKR 300.00/USD, compared to the previously seen rate of 299.99/USD. Meanwhile, overnight liquidity in the banking system expanded to LKR 96.5Bn from the previously seen level of LKR 91.1Bn.