Bond yields close the year steady; rupee appreciates

By Wealth Trust Securities

The activities in the secondary bond market remained very moderate yesterday as yields were seen closing the day and year steady. A limited trade was witnessed on the 15.08.27 maturity at 7.19%.

Meanwhile inflation or the Colombo Consumer Price Index (CCPI) for the month of December came in at 4.20% against 4.10% recorded the previous month on is point to point while its annual average stood unchanged at 4.60%.

The total secondary market Treasury bond/bill transacted volumes for 30 December was Rs. 18.30 billion. In the money market, overnight call money and repo averaged 4.55% and 4.57% respectively yesterday while the net surplus liquidity stood at Rs.206.75 billion.

Rupee gains

In the Forex market, activity on spot next contracts saw it appreciate to close the year at Rs. 187.00/188.50 against its previous day’s closing of Rs. 187.50/188.50.

The total USD/LKR traded volume for 30 December was $ 74.30 million.   

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