Secondary bond market commences new trading month on a dull note

By Wealth Trust Securities

The secondary bill and bond market commenced the new trading week and month on a dull note yesterday as activity was limited to a couple of durations. Only the six-month or 27 January 2022 bill and the three-year or 01.06.25 bond maturities were seen trading at levels of 28.50% and 27.90% to 28.00% respectively.

The total secondary market Treasury bond/bill transacted volume for 29 July was Rs. 20.21 billion.   

In money markets, the weighted average rates on overnight Call money and REPO stood at 15.50% each while the net liquidity deficit stood at Rs. 464.04 billion yesterday. An amount of Rs. 284.91 billion was deposited at Central Banks SDFR (Standard Deposit Facility Rate) of 14.50% while an amount of Rs. 748.95 billion was withdrawn from Central Banks SLFR (Standard Deposit Facility Rate) of 15.50%.

No bids were accepted for the Rs. 10 billion outright sale of Treasury bills for durations of 80 days and 87 days.  

Forex market

In the Forex market, the middle rate for USD/LKR spot contracts was at Rs. 361 yesterday against its previous day’s closing level of Rs. 360.80.

The total USD/LKR traded volume for 29 July was $ 12.79 million.

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