Bond yields dip marginally ahead of IMF Board approval; Rupee appreciates

Tuesday, 21 March 2023 01:34 -     - {{hitsCtrl.values.hits}}

By Wealth Trust Securities


The expectations of the IMF’s board level approval for the Extended Fund Facility (EFF) to Sri Lanka reflected positively in the secondary bond market yesterday, as yield decreased marginally. The liquid 01.07.25 and 15.09.27 maturities decreased to intraday lows of 31.00% and 28.00% respectively against its previous day’s closing level of 31.00/40 and 28.15/30 while two-way quotes on the rest of the yield curve reduced as well. In secondary bills, May 2023, September 2023 and March 2024 maturities traded at levels of 25.50%, 26.50% and 25.25% respectively.

The total secondary market Treasury bond/bill transacted volume for 17 March 2023 was Rs. 18.25 billion.

In money markets, the overnight net liquidity deficit was Rs. 154.03 billion yesterday with the said amount being withdrawn from Central Banks SLFR (Standard Lending Facility Rate) at 16.50%. The weighted average rates on overnight call money and REPO were at 16.50% each.



Forex Market

In the Forex market, the USD/LKR rate spot contracts appreciated marginally to close the day at levels of Rs. 332.00/335.00 yesterday subsequent to trading at levels of Rs. 334.00 to Rs. 339.75. The total USD/LKR traded volume for 17 March was $ 95.70 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.

COMMENTS

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.