Geopolitical concerns weigh on market activity

By First Capital Research
The previous day’s subdued momentum persisted through yesterday’s trading session. 
Heightened geopolitical uncertainty, alongside the resulting uptick in oil prices, weighed on market activity, with both investor participation and trading volumes remaining constrained.
At the short end of the curve, 15.02.2028 and 01.07.2028 traded at 9.65 percent and 9.75 percent, respectively. Moving ahead, 15.09.2029 was seen trading at 9.95 percent. Finally, 01.07.2030 changed hands at 10.15 percent. 
On the external front, the Sri Lankan rupee depreciated against the US dollar, standing at Rs.324.72/US dollar, compared to Rs.323.96/US dollar seen previously. Overnight liquidity in the banking system contracted to Rs.156.80 billion, from Rs.253.75 billion recorded previously.