Bond market activity picks up

By Wealth Trust Securities

The fresh trading week saw activity in the secondary bond market increasing marginally yesterday as the maturities of 2022’s (i.e. 15.11.22 and 15.12.22), 2023’s (i.e. 15.07.23 and 15.11.23), 15.09.24, 15.05.30 and 15.09.34 changed hands at levels of 6.00%, 6.45%-6.50%, 6.75%, 7.95% and 8.35% respectively.

The total secondary market Treasury bond/bill transacted volume for 16 April was Rs. 3.97 billion.  

In money markets, the net liquidity surplus stood at Rs. 101.08 billion yesterday with an amount of Rs. 114.08 billion being deposited at Central Banks SDFR of 4.50% against an amount of Rs. 13 billion withdrawn from its SLFR of 5.50%. The weighted average rates on call money and repo remained mostly unchanged at 4.64% and 4.67% respectively.

USD/LKR 

In the Forex market, the USD/LKR rate on spot contracts were seen closing the day at levels of Rs. 194.00/198.00 yesterday against its previous day’s closing level of Rs. 192.00/193.50.

The total USD/LKR traded volume for 16 April was $ 114.83 million.   

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