Bond market activity at a standstill

Friday, 3 February 2023 00:20 -     - {{hitsCtrl.values.hits}}

 

By Wealth Trust Securities


The activity in the secondary bond market was at a standstill yesterday as majority of market participants opted to be on the sidelines. Limited trades were witnessed on the 01.07.25 maturity at levels of 32.25% to 32.35%. In secondary bills, July-August 2023 and February 2024 maturities changed hands at levels of 28.72% to 29.00% and 27.72% to 27.80% respectively. 

The total secondary market Treasury bond/bill transacted volume for 01 February was Rs. 37.82 billion.   

In money markets, the net liquidity deficit was registered at Rs. 101.02 billion yesterday as an amount of Rs. 101.02 billion was withdrawn from Central Banks SLFR facility (Standard Lending Facility Rate) of 15.50%. The weighted average rates on overnight call money and REPO stood at 15.44% and 15.50% respectively.

 

Forex Market 

In the Forex market, the middle rate for USD/LKR spot contracts remained steady for a fifth consecutive day at Rs. 362.14 yesterday.

The total USD/LKR traded volume for 01 February was $ 40.90 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.

COMMENTS

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.