Activity continues at a moderate pace

Thursday, 24 December 2020 00:00 - - {{hitsCtrl.values.hits}}

Rupee continues to slide

By Wealth Trust Securities

The activity in the secondary bond market continued at a moderate pace yesterday with limited trades seen only on the 2024 duration, which consisted of the maturities of 01.01.24, 15.03.24 and 01.12.24 at levels of 6.17% to 6.20%, 6.25% to 6.26% and 6.50% to 6.52% respectively.

The total secondary market Treasury bond/bill transacted volumes for 22 December was Rs.13.89 billion.

In the money market, overnight call money and repo averaged 4.54% and 4.58% respectively yesterday while the surplus liquidity stood at Rs.228.62 billion.

Rupee dips

In the Forex market, activity was seen shifting to one week forward dollar contracts yesterday as it was seen closing the day at Rs. 193.25/00 in comparison to its spot next closing of Rs. 190.75/50 the previous day.

The total USD/LKR traded volume for 22 December was $ 48.93 million.

(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, money broking companies.)