Bond market activity remains moderate

Friday, 20 November 2020 02:45 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

The activity in the secondary bond market continued to remain moderate yesterday with limited trades seen on the maturities of 15.12.21, 15.12.22, 2024s (i.e. 15.09.24 and 01.12.24) and 15.08.27 at levels of 5.04% to 5.05%, 5.85%, 6.37% to 6.42% and 7.10% to 7.12% respectively. In secondary bills, 26 February 2021 maturity traded at level of 4.73%.

The total secondary market Treasury bond/bill transacted volumes for 18 November 2020 was Rs. 10.6 billion.

In the money market, the overnight surplus liquidity and weighted average rates on overnight call money and repo was registered at 172.62 billion, 4.54% and 4.61% respectively.

Rupee depreciates once again

In Forex markets, the rupee on the sport contracts depreciated once again yesterday to hit a low of Rs.184.95 against its previous day’s closing level of Rs. 184.60/70, while spot next contacts were seen activity quoted at level of Rs. 185.10/30.

The total USD/LKR traded volume for 18 November was $ 108.44 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.