Activity in secondary bond market moderates 

Activity in the secondary bond market moderated yesterday with limited trades seen on the 01.07.19, 15.12.21, 01.07.22, 15.03.23 and 15.06.27 maturities at levels of 9.43%, 10.05%, 10.20%, 10.42% and 10.62% respectively.

In money markets, the OMO Department of the Central Bank of Sri Lanka infused an amount of Rs.15.00 billion at a weighted average yield of 8.50%, by way of an overnight reverse repo auction as the net deficit in the system increased to Rs.18.57 billion yesterday. The overnight call money and repo rates averaged 8.41% and 8.44% respectively.

Rupee losses further

 The USD/LKR rate on spot contracts depreciated yesterday, to close the day at Rs.159.90/95 against the previous day’s closing levels of Rs.159.60/70 on the back of renewed importer dollar demand. The total USD/LKR traded volume for 14 June was $ 65.50 million. Given are some forward USD/LKR rates that prevailed in the market: one month – 160.70/85; three months – 162.25/50; six months – 164.50/70.