Bond yields steady in moderate trading

By Wealth Trust Securities

The new trading week saw bond yields remain steady as activity continued to be moderate yesterday. 

Limited trades were seen on the maturities of 15.03.23, 2024s (i.e. 01.01.24, 01.08.24 and 15.12.24) and 01.08.26 at levels of 5.75%, 6.15%, 6.45% to 6.50%, 6.45% and 7.00% respectively while on the very short end of the curve, March and July 2021 bills changed hands at levels of 4.68% to 4.70% and 4.80% respectively along with August and December 2021 bonds at levels 4.85% and 5.00% respectively.

The total secondary market Treasury bondbill transacted volumes for 11 December was Rs. 17.23 billion.   

In the money market, the overnight surplus liquidity and weighted average rates on overnight call money and repo was registered at Rs.242.23 billion, 4.54% and 4.57% respectively.

 Rupee dips

 In the Forex market, in the absence of spot or spot next been quoted, trading was witnessed on two week forward dollar contracts yesterday as it was seen closing the day at Rs.187.5090 in comparison to the spot next closing of Rs.186.7020 on Friday 

The total USDLKR traded volume for 11 December was $ 95.75 million.   

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