Mixed sentiment keeps market in neutral territory

By First Capital Research

The secondary market exhibited a mixed tone yesterday, culminating in a broadly neutral performance amid moderate trading volumes.

At the short end of the yield curve, the 15.09.2027 maturity was quoted at 9.70%. Progressing along the curve, the 15.02.2028 and the 15.03.2028 maturities traded between 9.97% to 10.00%. Subsequently, the 01.05.2028 and 15.10.2028 traded within the range of 10.09% to 10.26%. Finally, the 15.12.2029 maturity traded at 10.63%. 

Moreover, recent data published by the CBSL reveals that the AWPR for the week ending 17th Apr-25 decreased by 19bps, settling at 8.44%, showcasing a notable reduction from the previous week. 

In the forex market, the LKR appears to have marginally weakened against the greenback, closing at Rs. 299.2/USD, compared to the previous day’s rate of 299.1/USD. Meanwhile, overnight liquidity in the banking system registered an uptick, standing at Rs. 83.2bn, from Rs. 81.5 bn in the prior session.