Sri Lanka, Jan. 28 -- The secondary market was brought to a standstill yesterday as investors embraced a wait and see approach given the impending policy decision today and the bond auction that is set to take place on the 29th of January.

Consequently, noteworthy trades were scarce while volumes were ultra-thin.

2028 maturities attracted relative interest with 15.02.2028, 15.03.2028. 01.05.2028 and 01.07.2028 trading between 9.05% to 9.17% while 01.03.2030 was seen trading at 9.71%.

On the external front, the LKR appreciated against the USD, closing at Rs. 309.56/USD compared to Rs. 309.80/USD seen previously. Overnight liquidity in the banking system contracted marginally to Rs. 163.50bn from Rs. 169.74bn recorded previously.

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