Bond yields mostly unchanged as activity moderates

Tuesday, 22 October 2019 00:25 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

The fresh trading week commenced on a slow note as activity in the secondary bond market moderated considerably yesterday. Limited trades were seen on the maturities of 15.12.23, two 2024’s (i.e. 15.06.24 & 15.09.24), 01.06.26 and 15.01.27 at levels of 9.67% to 9.78%, 9.94% to 9.97%, 10.25% and 10.35% respectively.

The total secondary market Treasury bond/bill transacted volume for 18 October was Rs. 4.55 billion.

Meanwhile in money markets, the overnight call money and repo rates averaged 7.57% and 7.60% respectively as the Open Market Operations (OMO) Department of Central Bank injected an amount of Rs. 14.30 billion by way of an overnight Reverse repo auction at a weighted average rate of 7.55%. The overnight net liquidity surplus in the system increased further to Rs. 18.41 billion yesterday.

Rupee appreciates marginally

In the Forex market, the Rupee on its spot contracts were seen appreciating marginally yesterday to close the day at Rs. 181.70/80 against its Friday’s closing level of Rs. 181.95/10.

The total USD/LKR traded volume for 18 October was $ 76.27 million.

Some forward USD/LKR rates that prevailed in the market were: one month – 182.35/55; three months – 183.55/65; six months – 185.35/65.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.