Bond yields increase in moderate trading

By Wealth Trust Securities

The start of a fresh trading week saw secondary market bond yields increasing marginally yesterday on the back of moderate activity. The yields on the liquid maturities of 01.07.25 and 15.09.27 hit intraday highs of 32.20% and 29.10% respectively against its previous day’s closing levels of 32.05/15 and 28.90/00.

The total secondary market Treasury bond/bill transacted volume for 3 February 2023 was Rs. 5.24 billion.

In money markets, the weighted average rates on overnight call money and REPO stood at 15.46% and 15.50% respectively while an amount of Rs. 99.83 billion was withdrawn from Central Banks SLFR facility (Standard Lending Facility Rate) of 15.50%.

The DOD (Domestic Operations Department) of Central Bank injected liquidity by way of a 7-day reverse repo auction for a volume of Rs.42 billion at a weighted average rate of 15.50%.

Forex Market 

In the Forex market, the middle rate for USD/LKR spot contracts appreciated marginally to Rs. 361.9589 against its previous days of Rs. 361.9686. The total USD/LKR traded volume for 3 February was $ 92.40 million.

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