Rupee dips a tad

Friday, 9 June 2023 02:56 - - {{hitsCtrl.values.hits}}

Bond yields increase marginally

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repo auction for a volume of Rs. 60 billion at weighted average rate of 13.46% while an amount of Rs. 92.89 billion was withdrawn from Central Banks SLFR (Standard Lending Facility Rate) of 14.00%.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)

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