Activity shifts back to 2023 maturities; Money Market liquidity improves

Tuesday, 3 August 2021 02:50 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

The start of a new trading week saw activity in the secondary bond market shift back to the 2023 maturities yesterday as the liquid maturity of 15.11.23 hit an intraday low of 6.35% against its previous day’s closing level of 6.35/40, while 15.01.23, 15.03.23, 15.07.23 and 01.09.23 maturities changed hands at level of 5.75%, 5.95%, 6.05% to 6.10% and 6.17% to 6.20% respectively as well. In addition, the 15.12.24 maturity traded at a level of 6.90%.

Amounts of Rs. 3 billion and Rs. 0.5 billion were issued through the Direct Issuance Window on the 01.12.24 and 15.03.31 maturities respectively at their weighted averages.

The total secondary market Treasury bond/bill transacted volume for 30 July was Rs. 2.40 billion.

In money markets, the overnight net liquidity surplus was seen increasing yesterday to a nine-day high of Rs. 53.62 billion as an amount of Rs. 144.98 billion was deposited at Central Banks SLDR of 4.50% against an amount of Rs. 91.35 billion withdrawn from Central Banks SLFR of 5.50%. The weighted average rates on overnight call money and repo was registered at 5.10% and 5.16% respectively. The CBSL’s holding of Gov. Securities increased to Rs. 1,194.95 billion against its previous days of Rs. 1,141.05 billion.

USD/LKR

In Forex markets, the overall market continued to remain inactive yesterday.

The total USD/LKR traded volume for 30 July was $ 30.20 million.

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

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.