Saturday Nov 30, 2024
Saturday Nov 30, 2024
Friday, 9 June 2023 02:56 - - {{hitsCtrl.values.hits}}
By Wealth Trust Securities Ltd
The secondary bond market remained active yesterday as yields were seen increasing marginally. Selling interest on the maturities of 01.07.25 and 2027’s (i.e., 01.05.27 & 15.09.27) saw its yields edge up to intraday highs of 25.75% and 23.50% each respectively against its previous day’s closing level of 25.50/60 and 23.10/40. In addition, maturities 15.01.25, 15.01.28 and 15.07.29 changed hands at levels of 26.00%, 22.00% and 20.75% respectively as well.
The total secondary market Treasury bond/bill transacted volume for 7 June 2023 was Rs. 82.21 billion.
In money markets, the DOD (Domestic Operations Department) of Central Bank injected liquidity by way of an overnight reverse repo auction for a volume of Rs. 60 billion at weighted average rate of 13.46% while an amount of Rs. 92.89 billion was withdrawn from Central Banks SLFR (Standard Lending Facility Rate) of 14.00%. The weighted average rates on overnight call money and REPO stood at 13.92% and 14.00% respectively.
Furthermore, the DOD (Domestic Operations Department) of Central Bank injected liquidity by way of a 28-day reverse repo auction for a volume of Rs.30 billion at weighted average rate of 17.00%, valued today.
Forex Market
In the Forex market, the USD/LKR rate on spot contracts were seen closing the day at Rs. 294.50/295.50 against its previous day’s closing level of Rs. 291.00/292.00.
The total USD/LKR traded volume for 7 June was $ 62.30 million.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)
