Secondary market winds up week on a quiet note

By First Capital Research 

The secondary market witnessed a subdued trading session with limited activity and low volumes ahead of the T-bond auction scheduled for July 13, 2026, as the market participants remained on the sidelines in anticipation of the auction. 

Accordingly, the secondary market yield curve remained broadly unchanged. 

Foreign buying interest was evident, while participation from the banks and primary dealers remained largely unchanged. 

Among the traded maturities, the 15.06.2034 maturity traded at a rate of 11.80 percent.

On the external front, the Sri Lankan rupee depreciated against the US dollar, standing at Rs.336.40/US dollar, compared to Rs.335.46/US dollar seen earlier. 

Furthermore, the Sri Lankan rupee also depreciated against the other major currencies such as GBP, EUR, JPY, CNY and AUD. 

Overnight liquidity in the banking system contracted to Rs.116.72 billion, from Rs.139.0 billion recorded previously.

Popular maturities traded: 15.06.2034: -8bps