Bond market in a lethargic mode

By Wealth Trust Securities

The secondary bond market commenced the new trading week on a lethargic note as only the maturities of 01.05.25 and 15.01.33 changed hands at levels of 10.95% and 13.00% respectively in very limited trades.

The total secondary market Treasury bond/bill transacted volume for 3 February was Rs. 5.34 billion.   

In money markets, the Domestic Operations Department (DOD) of the Central Bank of Sri Lanka was seen draining out an amount of Rs. 70.00 billion by way of overnight repo auction at a weighted average rate of 6.49%. 

The net liquidity deficit remained broadly unchanged at Rs. 480.90 billion yesterday as an amount of Rs. 70.45 billion was deposited at Central Banks SDFR (Standard Deposit Facility Rate) of 5.50% against an amount of Rs. 621.35 billion withdrawn from Central Banks SLFR (Standard Deposit Facility Rate) of 6.50%. 

The weighted average rates on overnight Call money and REPO stood at 6.47% and 6.50% respectively.

Forex Market 

The overall market remained inactive yesterday.

The total USD/LKR traded volume for 3 February was $ 32.80 million.   

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