Bond market activity remains moderate

By Wealth Trust Securities

The secondary bond market activity remained moderated yesterday with limited trades witnessed on the very short end of the yield curve as the maturities of 01.10.22 and 15.01.23 changed hands at levels of 7.48% to 7.50% and 7.70% to 7.75% respectively.

The Colombo Consumer Price Index (NCPI) for the month of September decreased for the first time in five months to register 5.7% on the basis of its point to point against its previous months 6.0% while its annual average increased to 4.5%.

The total secondary market Treasury bond/bill transacted volume for 29 September was Rs. 20.19 billion.   

In money markets, the weighted average rates on call money and repo remained steady at 5.94% and 5.93% respectively as an amount of Rs. 233.23 billion was withdrawn from Central Banks SLFR of 6.00%. The net liquidity deficit decreased marginally to Rs. 119.58 billion yesterday with an amount of Rs. 113.65 billion been deposited at Central Banks SDFR of 5.00%.

USD/LKR   

In the Forex market, the USD/LKR rate on spot contracts traded at levels of Rs. 202.90 to Rs. 202.92 yesterday.

The total USD/LKR traded volume for 29 September was $ 26.52 million.   

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