Bond yields continue to increase

By Wealth Trust Securities

The secondary bond market yields continued to increase yesterday on the back of moderate activity. Renewed selling interest during the latter part of the day saw yields on the 01.10.23 and 01.08.25 maturities hit intraday highs of 8% and 9.26% respectively.

The total secondary market Treasury bond/bill transacted volume for 22 September 2021 was Rs. 13.74 billion.   

In money markets, the weighted average rates on call money and repo remained mostly unchanged at 5.96% and 5.94% respectively as an amount of Rs. 280.27 billion was withdrawn from Central Banks SLFR of 6%. The net liquidity deficit decreased marginally to Rs. 208.04 billion yesterday with an amount of Rs. 72.24 billion been deposited at Central Banks SDFR of 5%.

Rupee trades on spot contracts

In the Forex market, the USD/LKR rate on spot contracts traded at levels of Rs. 202.90 to Rs. 202.92 yesterday.

The total USD/LKR traded volume for 22 September was $ 18.40 million.   

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