Bond yields increase for fifth consecutive trading day

By Wealth Trust Securities

The fresh trading week commenced on a negative note, as secondary market bond yields continued to increase yesterday on the back of persistent selling interest across the yield curve. A fifth consecutive day of increases saw yields on the maturities 15.12.22, 2023s (i.e. 15.01.23 & 01.09.23), 2024s (i.e. 01.01.24, 15.03.24 & 15.09.24), 01.05.25, 01.02.26 and 15.05.30 hit intraday highs of 5.70%, 5.67%, 5.90%, 6.15%, 6.13%, 6.30%, 6.50%, 6.60% and 7.38% respectively. In secondary bills, 8 January 2021 was seen changing hands at 4.80%.

The total secondary market Treasury bond/bill transacted volumes for 24 July was Rs. 9.00 billion.  

In money markets, weighted average rates on overnight call money and repo stood at 4.52% and 4.58% respectively as the overnight liquidity surplus was recorded at Rs. 123.10 yesterday.

USD/LKR

In the Forex market, the USD/LKR rate on spot contracts were seen trading at levels of Rs. 185.72 to Rs. 185.80 yesterday before closing the day at Rs. 185.72/78 against its previous day’s closing level of Rs. 185.75/85.

The total USD/LKR traded volume for 24 July was $ 46.40 million.  

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