Bond yields tick higher in moderate trading

Friday, 10 February 2023 00:02 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

The secondary bond market yields edged up yesterday as the liquid maturities of 15.05.26 and 15.09.27 hit intraday highs of 29.36% and 29.15% respectively against its previous day’s closing levels of 29.15/25 and 29.00/10. In the secondary bill market, March, April, May, July and August 2023 maturities changed hands at levels of 27.50%, 28.50% to 29.50%, 29.00% to 29.95%, 28.80% and 29.50% respectively.

The total secondary market Treasury bond/bill transacted volume for 08 February was Rs. 35.23 billion. In money markets, an amount of Rs.150.30 billion was withdrawn from Central Banks SLFR (Standard Lending Facility Rate) of 15.50% while the weighted average rates on overnight call money and REPO stood at 15.49% and 15.50% respectively.

Forex Market

In the Forex market, the middle rate for USD/LKR spot contracts appreciated marginally to Rs. 361.9226 against its previous day’s closing level of Rs. 361.96.

The total USD/LKR traded volume for 08th February was $ 68.60 million.

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