Secondary Bond market yields broadly steady

Friday, 24 January 2025 00:02 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

The secondary Bond market yesterday saw yields move in range-bound trading to close broadly steady. Activity and transaction volumes continued to be seen at healthy levels.

The yields on the 2026 tenors of 01.02.26 and 15.12.26 remained relatively stable and were seen trading at the rates of 8.55% and 9.18%-9.15%.

The 15.03.28, 01.05.28 and 15.10.28 maturities were seen trading at the rates of 10.15%, 10.27% and 10.42% respectively.

The 15.09.29 maturity was seen trading at the rate of 10.80%.

The 15.05.30 and 15.10.30 maturities were seen changing hands at the rates of 11.08%-11.10% and 11.35% respectively.

Meanwhile, in Secondary market Bills March-May 2025 maturities were seen changing hands at the rates of 8.00%-8.05%.

The total secondary market Treasury Bond/Bill transacted volume for 22 January was Rs. 45.31 billion.

In money markets, the weighted average rates on overnight call money and Repo stood at 8.00% and 8.03% respectively.

The net liquidity surplus stood at Rs. 156.13 billion yesterday. Rs. 7.18 billion was withdrawn from the Central Bank’s SLFR (Standing Lending Facility Rate) of 8.50%, while an amount of Rs. 163.30 billion was deposited at the Central Bank’s SDFR (Standard Deposit Facility Rate) of 7.50%.

Forex Market

In the Forex market, the USD/LKR rate on spot contracts closed the day at Rs. 298.65/298.75 against its previous day’s closing level of Rs. 298.80/299.00.

The total USD/LKR traded volume for 22 January was $ 51.07 million.

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