Bond yields increase marginally amidst thin trades

Friday, 20 April 2018 00:00 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

Secondary market bond yields increased marginally yesterday amidst thin volumes consisting mostly of the two liquid maturities of 15.03.23 and 15.05.30 at levels of 10% and 10.37%.

Furthermore, the 01.03.21 and 15.12.21 maturities too were seen changing hands at levels ranging from 9.75% to 9.90%.

In the secondary bill market, interest was shown on the October and November 2018 maturities which traded at levels of 8.50% and 8.75% while the January and February 2019 maturities traded at levels of 9.20% to 9.25%.

The total secondary market Treasury bond/bill transacted volumes for 19 April 2018 was Rs. 3.86 billion.

In money markets, the overnight call money and repo rates changed slightly to average 7.88% to 7.96% and 7.80% to 8.10% respectively. In the meantime, the Open Market Operations (OMO) Department of the Central Bank of Sri Lanka did not conduct any term reverse repo/repo auctions.

USD/LKR slight gains

on inflows

Meanwhile, in Forex markets, a gain on export conversions supported by forward sales led to an appreciation of the LKR to close the day at Rs. 156.25/30 against its previous day’s closing levels of Rs. 156.30/45.

The total USD/LKR traded volume for 18 April 2018 was $ 69.50 million.

Some of the forward USD/LKR rates that prevailed in the market were one month - 156.90/00; three months - 158.40/55 and six months - 160.60/70.

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