Bond yields increase marginally on moderate trading

By Wealth Trust Securities

The new trading week and month commenced with secondary market bond yields increasing further  yesterday, amidst thin volumes consisting of the liquid maturities of 2022’s (i.e. 01.10.22, 15.11.22 and 15.12.22), 15.01.23, other 2023’s (i.e. 15.11.23 and 15.12.23), 2024’s (i.e. 15.09.24 and 01.12.24) and 15.08.27 at levels 5.76% to 5.86%, 5.85%, 6.32% to 6.38%, 6.70% to 6.79% and 7.49% respectively.

In the secondary bill market, April and May 2021 maturities traded at levels of 4.70% and 4.91% respectively.

In the money market, overnight surplus liquidity increased further to Rs. 179.86 billion yesterday, while the weighted average rates on call money and repo was registered at 4.55% and 4.60% respectively.

USD/LKR

In Forex markets, the USD/LKR rate on the more active one-week forward contracts was seen closing the day at Rs. 195.50/196.00 yesterday, against its previous day’s closing level of Rs. 194.50/195.00.

The total USD/LKR traded volume for 25 February was US $ 99.60 million.   

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