Fresh trading week commences on dull note

By Wealth Trust Securities 

The secondary bond and bill markets commenced the fresh trading week on a dull note yesterday. Limited trades were reported on the 01.05.24 bond maturity and bill maturities of 24 March and 07 April 2023 at levels of 31.90%, 30.25% and 30.00% to 30.50% respectively. 

The total secondary market Treasury bond/bill transacted volume for 05 January was Rs. 14.66 billion.   

In money markets, the weighted average rates on overnight call money and REPO stood at 15.50% each while an amount of Rs. 497.09 billion was withdrawn from Central Banks SLFR facility (Standard Lending Facility Rate) of 15.50%. The net liquidity deficit reduced to Rs. 155.85 billion yesterday as an amount of Rs. 341.24 billion was deposited with Central Banks at its SDFR facility (Standard Deposit Facility Rate) of 14.50%.

The DOD (Domestic Operations Department) of Central Bank injected liquidity by way of a 31-day reverse repo auction for a volume of Rs. 60 billion at a weighted average rate of 28.88%.

Forex Market 

In the Forex market, the middle rate for USD/LKR spot contracts was at Rs. 363.0917 yesterday against its Fridays closing level of Rs. 363.1100.

The total USD/LKR traded volume for 05 January was $ 57.05 million.  

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