A muted mood heading into festive season

By First Capital Research
The secondary market reflected a dull trading session, with limited activity and thin volumes observed during the day. 
Among the trades executed, 15.06.2029 traded at 9.45 percent, while the 15.12.2029 maturity changed hands at 9.55 percent. 
On the external front, the Sri Lankan rupee slightly appreciated against the US dollar, closing at Rs.309.52/US dollar, compared to Rs.309.72/US dollar seen previously. Overnight liquidity in the banking system expanded to Rs.88.4 million, from Rs.65.9 million recorded by the end of previous week. 
Moreover, the Census and Statistics Department published the NCPI for November 2025, which has decreased to 2.4 percent, compared to 2.7 percent in October 2025. The year-on-year inflation of the non-food group remained unchanged at 1.5 percent.