Dull sentiment in bond markets continue

By Wealth Trust Securities

The dull sentiment in the secondary bond market continued yesterday as well with only the maturities of 01.10.22, 15.11.23 and 01.08.24 changing hands at levels of 5.85%, 6.35% and 6.60% to 6.65% respectively. 

In secondary bills, June to July 2021 maturities and the 1 October maturity traded at levels of 4.90% to 5.05% and 5.08% respectively.

The Colombo Consumer Price Index (CCPI) for the month of March 2020 increased further to register 4.1% on its point-to-point against 3.3% recorded in February, while its annual average decreased to 4.00% from 4.1%.

The total secondary market Treasury bond/bill transacted volume for 30 March 2021 was Rs. 5.30 billion.   

In money markets, the weighted average rates on call money and repos stood at 4.62% and 4.64% respectively, as an amount of Rs. 167.15 billion was deposited at Central Banks SDFR of 4.50%. However, the net liquidity surplus was registered at Rs. 102.53 billion yesterday as an amount of Rs. 64.63 billion was withdrawn from Central Banks SLFR of 5.50%.

USD/LKR

In the Forex market, the USD/LKR rate on the more active one-week forward contracts were seen closing the day at levels of Rs. 199.75/201.00 yesterday, against its previous day’s closing level of Rs. 199.50/200.50. The total USD/LKR traded volume for 30 March was $ 70.25 million.   

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