Easing rates spark high-volume trades

By First Capital Research

The secondary market exhibited buying sentiment yesterday, driven by rates edging lower and large trade volumes. 

Over the short-maturity segment, 15.02.2028, 15.03.2028, 01.05.2028, 01.07.2028 and 01.09.2028 traded in the range of 8.95 percent-9.05 percent, while 15.06.2029, 15.09.2029, 15.10.2029 and 15.12.2029 traded in the range of 9.40 percent-9.50 percent. 

Moreover, 15.05.2030 and 01.07.2030 maturities changed hands at 9.60 percent. Additionally, 15.12.2032 traded at 10.25 percent, whereas both 01.06.2033 and 01.11.2033 were dealt at 10.40 percent.

On the external front, the Sri Lankan rupee depreciated against the US dollar, closing at Rs.309.03/US dollar, compared to Rs.308.75/US dollar seen previously. Overnight liquidity in the banking system marginally contracted to Rs.106.8 million, from Rs.109.5 million recorded on the previous day.