Investors await policy decision, selling stance persists

By First Capital Research 

The secondary market witnessed some selling pressure yesterday ahead of the monetary policy decision set to be announced early today. However, both activity and volumes remained limited.

At the short end of the curve 15.02.2028 and 15.03.2028 traded at 9.05% while 15.12.2028 traded higher at 9.15%. Moving ahead, 15.12.2029 traded at a rate of 9.54%. Finally, 15.09.2034 and 15.06.2035 were seen changing hands 10.60% and 10.70% respectively. 

On the external front, the LKR slightly appreciated against the USD, closing at Rs. 307.86/USD compared to Rs. 307.98/USD seen previously. Overnight liquidity in the banking system expanded to Rs. 79.3bn from Rs. 58.5bn recorded on the previous day.