Bond market activity remains moderate

Friday, 28 August 2020 00:00 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

The activity in the secondary bond market remained rather moderate yesterday as limited trades were witnessed within a very tight range across the yield curve. Maturities of 2022’s (i.e. 15.11.22 & 15.12.22) and 2023’s (i.e. 15.01.23 & 15.07.23), 01.08.24, 01.05.25, 2026’s (i.e. 01.02.26, 01.06.26 & 01.08.26) and 15.08.27 changed hands at levels of 5.54%, 5.55%, 5.58%, 5.80%, 6.22% to 6.245%, 6.39% to 6.41%, 6.54% to 6.56%, 6.59% to 6.60%, 6.64% to 6.65% and 6.97% to 6.99% respectively.

In the meantime, December 2020 and August 2021 maturities traded at levels of 4.50% and 4.88% respectively in the secondary bill market.

The total secondary market Treasury bond/bill transacted volumes for 26 August was Rs. 9.34 billion.

In the money market, overnight surplus liquidity increased to Rs. 201.05 billion yesterday with weighted average rates on overnight call money and Repo’s recorded at 4.53%.

LKR appreciates

In the Forex market, USD/LKR rate on spot contracts was seen appreciating yesterday to close the day at Rs. 185.95/10 against its previous day’s closing level of Rs. 186.30/50 on the back of selling interest by banks.

The total USD/LKR traded volume for 26 August was $ 81.02 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.