Bond yields increase on moderate trading

By Wealth Trust Securities

The secondary market bond yields reflected an upward movement yesterday as the liquid maturity of 01.08.24 hit an intraday high of 15.10% against its previous day’s closing level of 14.50/00. In secondary market bills, the latest 91-day bill changed hands at levels of 12.20% to 12.30%.

The total secondary market Treasury bond/bill transacted volume for 23 March 2022 was Rs. 34.28 billion.  

In money markets, the weighted average rates on overnight Call money and REPO were at 7.50% each as an amount of Rs. 580.20 billion was withdrawn from Central Banks SLFR (Standard Deposit Facility Rate) of 7.50%. The net liquidity deficit was registered at Rs. 572.68 billion yesterday as an amount of Rs. 107.52 billion was deposited at Central Banks SDFR (Standard Deposit Facility Rate) of 6.50%. 

Furthermore, the Domestic Operations Department (DOD) of the Central Bank of Sri Lanka was seen injecting an amount of Rs. 100.00 billion by way of a 7-day reverse Repo auction at a weighted average rate of 7.50%.

Forex market 

In the forex market, the overall activity remained moderate yesterday while limited trades were seen on the spot contracts at levels of 290.00.

The total USD/LKR traded volume for 23 March 2022 was $ 51.00 million. 

 

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