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Hiruni Perera, Senior Research Analyst at First Capital commenting on the bond market performance and upcoming monetary policy announcement – 26.11.2019

Hiruni Perera, Senior Research Analyst at First Capital commenting on the bond market performance and upcoming monetary policy announcement.

“In the bond market the secondary market yield curve shifted slightly upwards with the profit taking while overall market witnessed moderate volumes during the day. In the upcoming policy announcement, First Capital Research does not rule out a possibility of a rate cut though at a lower probability of 40% in November. However, we are more biased towards a rate cut in Dec 2019 considering the risk in lower liquidity position.”

First Capital is an investment bank offering services as Stock Brokers in Sri Lanka. The Company acts as a conduit between retail and institutional clients and the secondary market of the Colombo Stock Exchange. First Capital’s best-in-class research team provide a series of actionable trade recommendations, daily and periodic market commentaries and publications for Stock Brokers in Sri Lanka.

First Capital Holdings PLC is an investment bank and is the pioneer non-bank affiliated Primary Dealer in Treasury Bills and Bonds in Sri Lanka. With a track record of over 25 years, the Company was the first licensed primary dealer appointed by the Central Bank, and is also the only listed and rated primary dealer in Treasury Bills and Bonds in Sri Lanka.
First Capital delivers the only source for fixed income research in the local financial services industry. The Company’s best-in-class research team provide dynamic reports including economic reviews and proprietary research, encompassing fundamental, quantitative and technical analysis.