The secondary Bond market yesterday extended its bullish momentum and saw rates continue to drop on the back of strong demand. Majority of the action was along the belly-to-long end of the curve.
Aggressive buying interest was observed centred around 2029-2035 tenors as traders looked to capitalize on the curve’s steepness, shifting attention into higher relative value opportunities further along the curve, to lock in attractive carry and roll-down potential.
Accordingly, the 01.05.27 maturity traded at the rate of 8.60% and the 15.09.27 maturity trade at the rate 8.68%. The 15.03.28 maturity traded at the rate of 9.00%. The 01.05.28 maturity and 01.07.28 maturities traded at the rates of 9.10% and within the range of 9.14%-9.12%.
The 15.09.29 and 15.12.29 maturities traded down the ranges of 9.57%-9.54% and 9.60%-9.56% respectively. The 01.03.30 and 01.07.30 maturities traded lower at the rates of 9.69%-9.67% and 9.75%-9.72% respectively. The 15.03.31 maturity traded down the range of 9.92%-9.90%.
The 01.10.32 traded down the range of 10.32%-10.25% and the 15.12.32 maturity down from 10.32%-10.28%. The 01.06.33 maturity traded at the rate of 10.60% and the 15.06.34 maturity down the range of 10.85%-10.80%. The 15.06.35 maturity traded down the range of 10.91%-10.83%.
The total secondary market Treasury Bond/Bill transacted volume for 3 February was Rs. 58.63 billion.
Forex market
In the Forex market, the USD/LKR rate on spot contracts were seen closing the day broadly steady at Rs.309.45/309.50 as against its previous day’s closing level of Rs. 309.45/309.55.
The total USD/LKR traded volume for 3 February 2026 was $ 88.60 million.