📈 Secondary Bond Market Opens Week on Strong Footing

• Market Drivers: Driven by persistently elevated market liquidity and limited Treasury Bond supply scheduled for August auctions, pushing yields lower amid robust activity. • Yield Movements: Aggressive buying reduced rates across maturities; 2030 tenors traded between 11.00% and 11.25%, while longer 2036-2037 tenors declined to a range of 12.50%–12.56%. • Money Market: Net liquidity surplus stood at Rs. 196.36 Bn, with Rs. 116.36 Bn absorbed via Central Bank's SDF at 8.25% and Rs. 80 Bn via overnight repo at 8.75%. Overnight call money and repo rates averaged 8.88% and 8.93%. • Forex Market: USD/LKR spot contracts closed slightly lower at Rs. 335.10/335.18 compared to the previous close of Rs. 335.37/335.42, with a total traded volume of US$ 105.80 Mn.