Dull momentum in secondary bond market continues

By Wealth Trust Securities

The fresh trading week commenced on a dull note yesterday, with activity in the secondary bond market at a standstill. However, limited trades were witnessed in the secondary bill market with January and February 2021 maturities changing hands at levels of 4.67% and 4.69% respectively.

The Colombo Consumer Price Index (CCPI) for the month of November registered an increase to 4.1% on the point to point in comparison to 4.0% recorded in October. The annualised average remained steady at 4.6%.

The total secondary market Treasury bond/bill transacted volumes for 27 November was Rs. 5.55 billion.   

In the money market, the weighted average rates on overnight call money and repo’s remained mostly unchanged at 4.54% and 4.59% respectively with the overnight surplus liquidity standing at Rs. 185.81 billion. 

Rupee on spot contracts trades at Rs. 185.60

In Forex markets, the rupee on spot contracts was seen trading at Rs. 185.60 while spot next contacts were actively quoted at level of Rs. 185.80/10.

The total USD/LKR traded volume for 27 November was $ 54.47 million.   

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