Secondary market reflects low tones at week’s end

By First Capital Research

The week ended on a subdued note in the secondary market, with very limited trading activity and ultra-thin volumes. 

The yield curve broadly stood steady, albeit lower yields in some mid-term maturities.  

The 15.06.2034 bond traded within the range of 11.20 percent to 11.15 percent, with some buying interest observed over the maturity. 

The PDMO announced an upcoming T-bond auction scheduled for May 12, 2026, seeking to raise Rs.250.0 billion across four maturities. The auction will comprise the 2030, 2034, 2036 and 2039 maturities, with Rs.80.0 billion, Rs.50.0 billion, Rs.70.0 billion and Rs.50.0 billion to be raised under each maturity, respectively.

On the external front, the Sri Lankan rupee depreciated against the US dollar, standing at Rs.321.63/US dollar, compared to Rs.320.45/US dollar seen the previous day. Overnight liquidity in the banking system expanded to Rs.253.66 billion, from Rs.249.98 billion recorded previously.