Inactivity continues in the bond market

Tuesday, 15 November 2022 00:43 -     - {{hitsCtrl.values.hits}}

By Wealth Trust Securities


The fresh trading week commenced on a dull note yesterday with only a single bond trade been recorded on the 01.07.25 maturity at 33.00%.  In secondary bills, November and December 2022 maturity changed hands at levels of 24.00% to 28.00% and 30.00% to 31.00% respectively.

The total secondary market Treasury bond/bill transacted volume for 14 November was Rs. 21.46 billion.   

In money markets, the net liquidity deficit stood at Rs. 248.66 billion yesterday as an amount of Rs. 332.88 billion was deposited at Central Bank’s Standard Deposit Facility Rate (SDFR) of 14.50% against an amount of Rs. 581.53 billion withdrawn from Central Bank’s Standard Lending Facility Rate (SLFR) of 15.50%. The weighted average rates on overnight Call money and Repo stood at 15.50% each.

The DOD (Domestic Operations Department) of Central Bank injected liquidity by way of a 90-day reverse repo auction for a volume of Rs. 5 billion at a weighted average rate of 29.25%.



Forex market 

In the forex market, the middle rate for USD/LKR spot contracts remained steady at Rs. 363.50 yesterday. No trade was reported on 11 November.  

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

 

Colombo stock market turns lacklustre

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