Bond market at a standstill

Friday, 16 April 2021 00:01 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

The secondary bond market was at a standstill yesterday following the festive holidays. Trades were witnessed on July 2021 maturing bills at levels of 5.09% -5.10%, while the 1/5/2021 maturing bond traded at 4.70%.

The total secondary market Treasury bond/bill transacted volume for 12 April was Rs. 34.93 billion.

In money markets, the net liquidity surplus decreased further to Rs. 74.18 billion yesterday as an amount of Rs. 29.20 billion was withdrawn from Central Banks’ SLFR of 5.50%. Nevertheless, weighted average rates on call money and repo stood at 4.64% and 4.67% respectively, as an amount of Rs. 103.38 billion was deposited at Central Banks’ SDFR of 4.50%.

Rupee appreciates

In the Forex market, Rupee was seen appreciating as its USD/LKR spot contract closed the day at Rs. 199.75/200.00 against its previous day’s closing level of Rs. 202.50/203.50 on one-week contracts.

The total USD/LKR traded volume for 12 April was $ 48.02 million.

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

Accepted amount at weekly bill auction increases further

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.