Friday Nov 29, 2024
Friday Nov 29, 2024
Wednesday, 30 December 2020 00:10 - - {{hitsCtrl.values.hits}}
By Wealth Trust Securities
Sentiment in the secondary bond market continued to remain dull yesterday, with only the 15.01.23, 01.10.23, 01.01.24 and 15.08.27 maturities changing hands at levels of 5.72%, 6.01%, 6.15% and 7.18% respectively.
Today’s bill auction will have on offer Rs.40 billion consisting of Rs.10 billion of the 91 day, Rs.11 billion of the 182 day and a further Rs.19 billion of the 364 day maturities. In the meantime the stipulated cut off rates have been increased by 02 basis points each to 4.69%, 4.80% and 5.05% for the three respective maturities. The previous week’s auction remained undersubscribed for the ninth consecutive week.
The total secondary market Treasury bond/bill transacted volumes for 24 December was Rs.3.15 billion.
In the money market, overnight call money and repos were at 4.54% and 4.59% respectively, with the overnight surplus liquidity at a high of Rs.224.06 billion.
Rupee appreciates
In the Forex market, active spot next contracts were seen appreciating considerably to close the day at Rs.187.50/25 against its previous day’s closing level of Rs.191.00/193.00.
The total USD/LKR traded volume for 24 December was $ 59.63 million.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, money broking companies)
