Selling hits 2028 maturities

By First Capital Research

Continuing the selling momentum from the previous day, market participants maintained a bearish stance amid the ongoing global uncertainty. The selling pressure was primarily concentrated on the 2028 maturities, with limited trading activity observed overall. 

Among the few traded maturities, the 15.02.2028, 15.03.2028, 01.07.2028 and 15.12.2028 maturities changed hands at yields ranging between 8.95 percent and 9.05 percent. Further, along the yield curve, the 15.06.2029 and 15.09.2034 maturities were traded at yields of 9.55 percent and 10.60 percent, respectively.

In the forex market, the Sri Lanan rupee appreciated marginally against the greenback, closing at Rs.300.65/US dollar, compared to the previously seen rate of Rs.300.71/US dollar. Meanwhile, overnight liquidity in the banking system contracted to Rs.89.15 billion from Rs.115.13 billion in the previous session. In May 2025, Sri Lanka’s Manufacturing PMI registered a value of 55.5, signalling an expansion in manufacturing activity. Meanwhile, the Services PMI stood at 57.0, reflecting a continued, though slightly slower, expansion in the services sector.