Market adjusts to a more measured pace

By First Capital Research

The week began with a pullback in buying sentiment, as market participants engaged in some profit-taking. This transition ushered in a more measured tone, while the trading volumes remained relatively moderate.

Among the traded maturities, 15.02.2028, 15.03.2028 and 01.07.2028 traded within 9.60 percent to 9.75 percent. In terms of the 2029 maturities, 15.06.2029, 15.09.2029 and 15.12.2029 all traded within the 10.10 percent to 10.18 percent range. 

Moving ahead on the yield curve, 15.03.2031 traded between 10.65 percent and 10.68 percent. Finally, the 01.11.2033 maturity was seen trading between 10.95 percent and 11.00 percent. 

In the forex market, the Sri Lankan rupee depreciated against the greenback, closing at Rs.298.8/US dollar, compared to the previously seen rate of Rs.298.5/US dollar. 

Meanwhile, overnight liquidity in the banking system expanded marginally to Rs.157.91 billion, from Rs.157.85 billion in the previous session.