Activity in secondary bond market remains dull

By Wealth Trust Securities

The activity in the secondary bond and bill market remained rather dull yesterday with limited amount of trades seen on November 2018 bill maturities within the range of 9.26% to 9.30%.

The total secondary market Treasury bond/bill transacted volumes for 30 November was Rs.5.99 billion.

In money markets, the OMO (Open Market Operations) Department of the Central Bank of Sri Lanka was seen draining an amount of Rs. 14 billion on an overnight basis by way of a Repo auction at a weighted average of 7.25% as the net surplus in the system stood at Rs. 20.71 billion yesterday. The overnight call money and repo rates averaged at 8.13% and 7.55% respectively.

Rupee remains mostly unchanged

In Forex markets, the USD/LKR rate on spot contracts remained mostly unchanged to close the day at Rs.153.55/60 as the market was at equilibrium. 

The total USD/LKR traded volume for 30 November was $ 37.75 million. 

Given are some forward USD/LKR rates that prevailed in the market: one month – 154.40/55; three months – 156.15/25; six months – 158.75/85.