Bond market activity moderates

By Wealth Trust Securities

The activity in the secondary bond market moderated once again yesterday, with only the 15.03.23, 01.09.23, 15.11.23 and 01.05.25 maturities changing hands at levels of 6.00%, 6.22%, 6.28% to 6.33% and 7.00% to 7.01% respectively. 

The total secondary market Treasury bond/bill transacted volume for 2 June was Rs. 30.46 billion.   

In money markets, the net liquidity surplus was seen increasing marginally to Rs. 99.47 billion yesterday as only an amount of Rs. 17.07 billion was withdrawn from Central Banks SLFR of 5.50% against its previous days Rs. 33.00 billion. An amount of Rs. 116.53 billion was deposited at Central Banks SDFR of 4.50% against its previous days of Rs. 129.96 billion. The weighted average rates on call money and repo remained steady at 4.72% each.

USD/LKR   

In Forex market, the USD/LKR rate on cash contracts continued to trade at a level of Rs. 199.99 yesterday while overall market continued to remain inactive.

The total USD/LKR traded volume for 2 June was $ 76.25 million.   

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