Bond and bill market activity remains moderate

Tuesday, 5 September 2023 00:00 - - {{hitsCtrl.values.hits}}

Yields dip marginal; Rupee dips marginally

By Wealth Trust Securities

The secondary bond and bill market commenced the week with some buying interest, particularly on Treasury Bills while overall activity remained moderate. Limited trades were seen on the bond maturities of the 01.08.26 and 01.07.28 at levels of 15.65% to 15.78% and 14.75% to 14.90% respectively.

In secondary bills, October, November and December 2023 maturities traded at 16.50%, 17.60% to 18.25% and 17.50% to 18.25% respectively.

The total secondary market Treasury bond/bill transacted volume for 1 September 2023 was Rs. 30.90 billion.

In money markets, the DOD (Domestic Operations Department) of Central Bank injected liquidity by way of overnight and 30-day reverse repo auctions for volumes of Rs. 80 billion and Rs. 30 billion at weighted average rates of 11.46% and 13.95% respectively while an amount of Rs. 67.77 billion was withdrawn from Central Bank’s SLFR (Standard Lending Facility Rate) of 12.00%. The net liquidity deficit stood at Rs. 109.37 billion yesterday.

The weighted average rates on overnight call money and repo were registered at 11.52% and 11.79% respectively.

Forex market

In the forex market, the Rupee or USD/LKR rate on spot contracts depreciated marginally to close trading yesterday at Rs. 320.50/321.50 against its previous day’s closing level of Rs. 319.50/320.00.

The total USD/LKR traded volume for 1 September was $ 14.95 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.