Secondary bond market activity moderates as yields steady

Friday, 18 August 2023 00:02 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

The secondary bond market witnessed moderate activity yesterday as yields were steady. Limited trades were seen on the 01.08.24, 15.05.26, 15.09.27 maturities at the levels of 14.00%, 13.03%, and 13.02% to 13.05% respectively.

The total secondary market Treasury bond/bill transacted volume for 16 August 2023 was Rs. 59.69 billion.

In money markets, the DOD (Domestic Operations Department) of Central Bank injected liquidity by way of overnight auction for a total volume of Rs. 52.40 billion at the weighted average rate of 11.54% while an amount of Rs.46.11 billion was withdrawn from Central Banks SLFR (Standard Lending Facility Rate) of 12.00%. The net liquidity deficit stood at Rs. 98.42 billion yesterday.

The weighted average rates on overnight call money and repo were registered at 11.57% and 11.90% respectively.

Forex Market

In the Forex market, the USD/LKR on spot contracts edged up slightly to close the day at Rs.322.00/323.00 against its previous day’s closing level of Rs.321.50/322.00.

The total USD/LKR traded volume for 16 August was $ 31.90 million.

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