The market retreated yesterday after the first hour due to possibly the results of the weekly Treasury auctions coming out with almost 300 basis point increase across all three maturities indicating quick action in the right direction with the new appointments to key positions at CBSL , Treasury and other advisory bodies. The market is expected to stay cautiously reacting to the developments of the ground situation on the streets and the political situation arising in parliament and the most importantly how the IMF delegation is going to be formed.
