Bond yields dip further

By  Wealth Trust Securities

The new trading week commenced with the announcement of the National Consumer Price Index (CCPI) or National inflation, where it was seen decreasing for the first time in 13 months to register 70.6% on its point to point for the month of October against 73.7% recorded in September. 

The annualised average increased further to 42.2%.

In the secondary bond market yesterday, buying interest on the 01.07.25, 15.01.28 and 01.07.32 maturities saw it change hands at levels 32.00%, 31.80% to 32.25% and 30.00% respectively.

The total secondary market Treasury bond/bill transacted volume for 18 November 2022 was Rs. 5.59 billion.   

In money markets, the net liquidity deficit stood at Rs. 168.28 billion yesterday as an amount of Rs. 319.12 billion was deposited at Central Banks SDFR (Standard Deposit Facility Rate) of 14.50% against an amount of Rs. 487.39 billion withdrawn from Central Banks SLFR (Standard Lending Facility Rate) of 15.50%.

The weighted average rate on overnight Call money and Repo rates stood at 15.50% each.

Forex Market 

In the Forex market, the middle rate for USD/LKR spot contracts remained steady at Rs. 363.50 yesterday.

The total USD/LKR traded volume for 18 November was $ 38.50 million.  

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