Bond yields increase marginally

By Wealth Trust Securities

The secondary bond market commenced the trading week with selling interest on the 10-year maturity of 01.07.32 as its yield was seen hitting an intraday high of 29.75% yesterday against its previous day’s closing level of 29.25/50. 

In secondary market bills, October, November and December maturities changed hands at levels of 24.50%, 29.75% and 29.00% to 30.05% respectively.

The total secondary market Treasury bond/bill transacted volume for 26th September was Rs. 4.85 billion.   

In money markets, the weighted average rate on overnight REPO stood at 15.50% while an amount of Rs. 769.35 billion was withdrawn from Central Banks SLFR (Standard Deposit Facility Rate) of 15.50%. 

The net liquidity deficit stood at Rs. 444.21 billion yesterday as an amount of Rs. 325.14 billion was deposited at the Central Bank’s SDFR (Standard Deposit Facility Rate) of 14.50%.

Forex Market 

In the Forex market, the middle rate for USD/LKR spot contracts remained steady at Rs. 362.90.

The total USD/LKR traded volume for 23 September was $ 21.49 million.  

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