New week begins on a dull note

Tuesday, 8 March 2022 03:31 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

The dull sentiment in the secondary bond market continued at the start of a new trading week with only the 01.08.25 maturity changing hands at levels of 13.00% to 13.05% yesterday in very limited trades.

In the secondary bill market, 15 April and 03 June 2022 maturities traded at levels of 8.75% and 9.80% to 9.85% respectively.

The total secondary market Treasury bond/bill transacted volume for 04 March was Rs. 1.33 billion.

In money markets, the weighted average rates on overnight Call money and REPO was at 7.49% and 7.50% respectively, as an amount of Rs. 676.80 billion was withdrawn from Central Banks SLFR (Standard Deposit Facility Rate) of 7.50%. The net liquidity deficit was registered at Rs. 600.26 billion yesterday as an amount of Rs. 76.54 billion was deposited at Central Banks SDFR (Standard Deposit Facility Rate) of 6.50%.

Forex Market

In the Forex market, limited trades on the USD/LKR spot contracts was seen at levels of Rs. 203.00 yesterday while the overall market remained inactive.

The total USD/LKR traded volume for 02 March 2022 was $ 84.70 million.

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