Secondary market opens week on a subdued note

By First Capital Research

The secondary market began the week on a quiet note, characterised by subdued trading volumes and minimal investor participation. 

As a result, the yield curve remained largely unchanged, reflecting the lack of significant market movement.

Amid the few trades that occurred yesterday, the 15.02.2028 maturity was traded at a yield of 8.85 percent, while the 01.07.2028 maturity saw trades occur within a tight yield range of 9.00 percent to 9.01 percent.

In the forex market, the Sri Lankan rupee appreciated against the greenback, closing at Rs.302.0/US dollar, compared to Rs.302.1/US dollar seen previously. 

Meanwhile, overnight liquidity in the banking system expanded to Rs.155.9 billion from the previously seen level of Rs.144.4 billion.