Secondary Bond market yields increase

Friday, 28 March 2025 00:04 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

The secondary bond market yields increased yesterday as the liquid 2028 maturities (i.e. 15.02.28, 15.03.28, 01.05.28, 01.07.28, 15.10.28 and 15.12.28) hit intraday highs of 9.90% each, 9.97%, 10.15% and 10.20% respectively against its opening lows of 9.80%, 9.85%, 9.86%, 9.89%, 10.00% and 10.05%. In addition, maturities of 15.09.29, 15.12.29, 15.10.30 and 15.12.32 maturities changed hands at levels of 10.30% to 10.37%, 10.32% to 10.40%, 10.48% and 10.75% to 10.82% respectively as well.

The total secondary market Treasury Bond/Bill transacted volume for 27 March was Rs. 18.77 billion.

In money markets, the weighted average rates on overnight call money and Repo stood at 7.96% and 7.99% respectively.

The net liquidity surplus stood at Rs. 152.83 billion yesterday. Rs. 0.20 billion was withdrawn from the Central Bank’s SLFR (Standing Lending Facility Rate) of 8.50%, while an amount of Rs. 153.03 billion was deposited at Central Bank’s SDFR (Standard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. 296.35/296.45 as against 296.30/296.40 the previous day.

The total USD/LKR traded volume for 26 March was $ 108.08 million.

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