Bond market turns bullish

Tuesday, 21 February 2023 00:10 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

News regarding IMF’s Extended Fund Facility (EFF) to Sri Lanka reflected positively in the secondary bond market, with yields of the liquid maturities consisting of 01.07.25, 15.05.26 and two 2027’s (i.e., 01.05.27 & 15.09.27) decreasing to intraday lows of 31.85%, 29.15%, 28.65% and 28.85% respectively, when compared against the previous day’s closing levels of 32.20/30, 29.75/85 and 29.15/20.

The total secondary market Treasury bond/bill transacted volume for 17th February 2023 was Rs. 14.75 billion.

In money markets, the weighted average rates of overnight call money and REPOs was at 15.50% each with the overnight net liquidity deficit standing at Rs. 179.66 billion.

Forex Market

In the Forex market, the middle rate for USD/LKR spot contracts remained steady for the fifth consecutive day at Rs. 361.92.

The total USD/LKR traded volume for 17th February was $ 115.25 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.