Buying dominates secondary market following IMF agreement

The IMF yesterday approved the EFF of nearly USD 3 Bn to Sri Lanka after the fulfillment of a range of criterions. Subsequently, activities in the secondary market buoyed with perceptible buying interest where 01.05.2027 and 15.09.2027 traded at 27.50%.

However, selling interest was observed during the day on the same maturities as it hovered at 28.25% owing to the supply side pressures rising from government pay back of bonds to institutions. Nevertheless, buying appetite remained dominant with 1Yr maturity traded at 24.% and consequently 2027 maturity edged lower yet gained and traded in the range of 28.00%-27.90% .

Courtesy First Capital Research

 

by Daily News Sri Lanka

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