Bond market opens the year on a dull note

By Wealth Trust Securities

The first trading day for the New Year commenced on a dull note yesterday as activity was at a standstill. Only the 15.05.26 maturity changed hands at 31.50% to 31.82%.

The total secondary market Treasury bond/bill transacted volume for 30th December 2022 was Rs. 5.71 billion.   

In money markets, the net liquidity deficit reduced to Rs. 205.98 billion yesterday as an amount of Rs. 339.13 billion was deposited with Central Banks at its SDFR facility (Standard Deposit Facility Rate) of 14.50% against Rs. 545.10 billion being withdrawn from Central Banks SLFR facility (Standard Lending Facility Rate) of 15.50%. The weighted average rate on overnight Call money stood at 15.50% while no transactions were reported on overnight REPO.

Forex Market 

In the Forex market, the middle rate of USD/LKR spot contracts remained steady at Rs. 363.11. The total USD/LKR traded volume for 30th December was $ 19.80 million.  

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