Sri Lanka, April 26 -- By First Capital Research

The secondary market, reversing its consecutive dull sentiment, experienced a surge in buying activity, particularly in the short to mid tenors, following a contraction in weighted average yields observed across the board at the Treasury bill auction held on Wednesday.

Notably, short tenors such as 15.05.26, 01.08.26, 15.12.26, and 15.01.27 traded within the range of 11.35% to 11.15%. Meanwhile, on the belly end of the curve, 01.05.27 and 15.9.27 hovered between 11.85% and 11.65%, while 2028 tenors garnered investor interest, with 15.03.28, 01.05.28, 01.07.28, and 15.12.28 trading between 12.20% to 12.00%, displaying moderate volumes.

On the external side LKR appreciated sharply against ...