Monday Feb 03, 2025
Monday Feb 03, 2025
Tuesday, 28 January 2025 00:00 - - {{hitsCtrl.values.hits}}
By WealthTrust Securities
The secondary Bond market began the new trading week with yields holding broadly steady and moderate activity and transaction volumes.
The 01.05.27 and 15.09.27 maturities were seen trading within the ranges of 9.70%-9.75% and 9.85%, respectively. The 15.02.28 and 15.03.28 maturities were seen trading at the rates of 10.15% and 10.18%-10.19%, respectively. The 15.09.29 maturity saw rates move up within the range of 10.85%-10.92%. The 15.10.30 maturity was seen trading within the range of 11.32%-11.35%. The 15.03.31 maturity saw trades within the range of 11.35%-11.42%.
The total secondary market Treasury bond/bill transacted volume for 24 January was Rs. 6.22 billion. In money markets, the weighted average rates on overnight call money and repo stood at 8.00% and 8.06%, respectively.The net liquidity surplus stood at Rs. 169.55 billion yesterday (27 January). Rs. 4.56 billion was withdrawn from the Central Bank’s SLFR (Standing Lending Facility Rate) of 8.50%, while an amount of Rs. 174.10 billion was deposited at the Central Bank’s SDFR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 depreciating to Rs. 298.50/298.60 against its previous day’s closing level of Rs. 298.15/298.40.
The total USD/LKR traded volume for 24 December 2024 was $ 53 million.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)
