Friday Jan 10, 2025
Friday Jan 10, 2025
Friday, 27 December 2024 00:10 - - {{hitsCtrl.values.hits}}
By Wealth Trust Securities
The secondary Bond market yesterday remained at a standstill for much of the day, apart from some sparse trades on thin transaction volumes. Yields were seen holding broadly steady amidst the holiday sentiment and market participants were seen adopting a “wait and see” stance.
Accordingly, very limited trades were observed on select maturities. The 15.10.27 and 15.12.27 maturities were seen trading at the rates of 9.80% and 9.83% respectively. The 15.02.28 and 01.05.28 maturities changed hands at the rate of 10.10% and 10.34% respectively. The 15.06.29 maturity traded within the range of 10.74%-10.75%. Additionally, trades were observed on the medium tenor 01.07.32 maturity within the range of 11.47% -11.50%.
Meanwhile, in secondary market bills February 2025 and November/December 2025 (approximately 1 year) maturities were seen changing hands at the rates of 8.50% and 8.90%-8.99% respectively.
The total secondary market Treasury bond/bill transacted volume for 24 December was Rs. 70.85 billion.
In money markets, the weighted average rates on overnight call money and Repo stood at 8.00% and 8.12% respectively. The DOD (Domestic Operations Department) of Central Bank injected liquidity by way of an overnight repo auction for Rs. 23.74 billion at the weighted average rate of 8.49%.
The net liquidity surplus stood at Rs. 160.30 billion yesterday. An amount of Rs 2.50 billion was withdrawn from the Central Banks SLFR (Standing Lending Facility Rate) of 8.50%, while an amount of Rs. 162.80 billion was deposited at Central Banks SDFR (Standard Deposit Facility Rate) of 7.50%.
Forex Market
In the Forex market, the USD/LKR rate on spot contracts closed the day appreciating slightly to Rs. 294.00/294.15 against its previous day’s closing level of Rs. 294.00/295.50.
The total USD/LKR traded volume for 24 December was $ 128.88 million.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)
