Mixed interest marks start of trading week

By First Capital Research

The week kicked off with a wave of mixed sentiment sweeping through the secondary market. 

Investor appetite leaned toward longer-tenure maturities, reflecting a more defined buying interest in that segment. In contrast, the short- to mid-tenure segment saw mixed interest. Overall, trading activity remained moderate, signalling a measured start to the week.

On the short end of the curve, 01.05.2028, 01.07.2028 and 15.10.2025 traded within the 8.85 percent to 9.00 percent range. In terms of 2029 maturities, 15.06.2029, 15.09.2029 and 15.12.2029 changed hands between 9.50 percent to 9.63 percent. Moving ahead on the yield curve, 15.12.2032 traded between 10.20 percent-10.30 percent. Finally, 15.09.2034 and 15.03.2035 were seen trading within the 10.45 percent to 10.52 percent range. 

In the forex market, the Sri Lankan rupee appreciated marginally against the greenback, closing at Rs.299.42/US dollar, compared to the previously seen rate of Rs.299.44/US dollar. Meanwhile, overnight liquidity in the banking system contracted to Rs.149.9 billion, from Rs.203.8 billion in the previous session.