Dull momentum in bond market continues

By Wealth Trust Securities

The secondary bond market was at a complete standstill yesterday, with most participants opting to be on the sidelines. A solitary transaction consisting of the 15.06.27 maturity was witnessed at 12.05%. Meanwhile, in the secondary bill market, 8 April 2022, 20 May 2022 and 10 June 2022 maturities, changed hands at a levels of 8.00%, 8.545% to 8.58% and 8.60% to 8.65% respectively.

The total secondary market Treasury bond/bill transacted volume for 15 February 2022 was Rs. 68.55 billion.  

In money markets, the weighted average overnight Call money and REPO rates remained steady at 6.48% and 6.50% respectively, with an amount of Rs. 626.99 billion being withdrawn through Central Bank’s SLFR (Standard Lending Facility Rate) at 6.50% and an amount of Rs. 86.75 billion being deposited at Central Bank’s SDFR (Standard Deposit Facility Rate) at 5.50%. Accordingly, the overnight net liquidity deficit in the market stood at Rs. 540.25 billion.

Forex market 

In the Forex market, the USD/LKR rate on spot contracts traded at a level of Rs. 203.00 while the overall market remained inactive. 

The total USD/LKR traded volume for 15 February 2022 was $ 69.10 million.  

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