Dreary sentiment continues for yet another day in secondary market

By First Capital Research
Slight selling interest persisted for yet another day in the secondary market, with limited activities taking place on the belly end of the curve, largely on the investor favourite 2027 and 2028 maturities. 
Few trades took place between 11.35 percent to 11.38 percent on the 15.01.27 maturity whilst trades were also recorded on the 01.05.27 maturity, at 11.85 percent and 15.09.27 maturity between 11.95 percent and
12.00 percent. 

Moreover, on the 2028 tenure, several trades took place on the 15.03.28 and 15.12.28 maturities, at 12.20 percent and 12.30 percent, respectively. 
Meanwhile, on the external front, the Sri Lankan rupee continued to depreciate against the greenback and recorded at Rs.301.27, whilst the weekly AWPR for the week ended on April 10, 2024, climbed up higher after 10 consecutive weeks to 10.63 percent, from 10.56 percent in the
previous week.