A lacklustre mood marks week’s start

By First Capital Research

The secondary market stepped into the trading week with restrained dynamism as investor activity appeared muted, prompting a static yield curve. 

While noteworthy activity was scarce, the short end of the curve registered a few trades, with 15.01.2027 trading at 8.20 percent while 01.05.2027 and 15.09.2027 traded at 8.44 percent and 8.60 percent, respectively. 

Moving ahead, 01.05.2028 was seen changing hands at 8.85 percent. Finally, the 15.12.2032 maturity traded between the narrow range of 10.28 percent and 10.30 percent. 

In the forex market, the Sri Lankan rupee depreciated against the greenback, closing at Rs.302.0/US dollar, compared to Rs.301.8/US dollar seen previously. 

Meanwhile, overnight liquidity in the banking system contracted to Rs.111.6 billion, from the previously seen level of Rs.116.4 billion.