Bond market activity remains dull

Tuesday, 6 April 2021 00:40 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

The fresh trading week commenced on a dull note yesterday with limited trades of the 15.05.23 and 15.11.23 maturities taking place at levels of 6.25 -6.27% and 6.30-6.33% respectively.

The total secondary market Treasury bond/bill transacted volume for 1 April was Rs. 2.32 billion.

In money markets, the net liquidity surplus decreased further to Rs81.87 billion yesterday, as an amount of Rs. 62.18 billion was withdrawn from Central Banks SLFR of 5.50%. Nevertheless, the weighted average rates on call money and repo stood at 4.63% and 4.65% respectively as an amount of Rs. 144.05 billion was deposited at Central Banks SDFR of 4.50%.

Rupee depreciates marginally

In the Forex market, the rupee was seen depreciating marginally yesterday as the USD/LKR rate on the more active one-week forward contracts were seen closing the day at levels of Rs. 200.50/201.50 yesterday against its previous day’s closing level of Rs. 199.50/200.

The total USD/LKR traded volume for 1 April was $ 48.25 million.

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