Bond yields increase on moderate trades

By Wealth Trust Securities

The secondary market bond yields increased on Tuesday, on the back of renewed selling interest, mainly on the 15.11.23 maturity while activity remained moderate. The yield on the said maturity increased to an intraday high of 6.30% against its previous day’s closing level of 6.23/28. 

In addition, 01.12.24 and 01.05.25 maturities increased to intraday highs of 6.67% and 7.01% respectively as well, while 15.05.23 and 01.08.26 changed hands at levels of 6.05% and 7.50% respectively. In secondary market bills, 20 and 27 August 2021 maturities changed hands at a level of 5.13%.

The total secondary market Treasury bond/bill transacted volume for 24 May 2021 was Rs. 32.66 billion.  

In the money market, the weighted average rates on overnight call money and repo, was registered at 4.68% and 4.72% respectively as the overnight surplus liquidity stood at Rs. 121.86 billion on Tuesday.

USD/LKR  

In Forex markets, the overall market continued to remain inactive.

The total USD/LKR traded volume for 24 May 2021 was $ 70.67 million.  

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