Bond yields edge down

By Wealth Trust Securities 

The secondary bond market yields were seen decreasing yesterday, mainly on the 01.07.32 maturity as it was seen changing hands within the range of 29.50% to 29.75% against its previous day’s closing level of 29.50/00.

Furthermore, the full amount of Rs. 9.00 billion offered through the direct issuance window on the said 01.07.32 maturity was fully taken up against Rs. 18.08 billion in bids received at its weighted average of 29.96%.

In the secondary bill market, October and December 2022 along with June 2023 maturities traded at levels of 25.10% to 27.25%, 30.00% and 31.00% to 31.50% respectively.

The total secondary market Treasury bond/bill transacted volume for 14 September was Rs. 66.73 billion.  In money markets, the net liquidity deficit stood at Rs. 402.21 billion yesterday as an amount of Rs. 353.08 billion was deposited at Central Banks SDFR (Standard Deposit Facility Rate) of 14.50% against an amount of Rs. 755.29 billion withdrawn from Central Banks SLFR (Standard Deposit Facility Rate) of 15.50%. The weighted average rate on overnight Call money and REPO stood at 15.50% each.

Forex Market 

In the Forex market, the middle rate for USD/LKR spot contracts remained steady at Rs. 362.45 yesterday. The total USD/LKR traded volume for 14 September 2022 was $ 10.21 million.  

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