Secondary bond market yields close mostly unchanged

Friday, 29 March 2019 00:00 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

Secondary market bond yields closed the day broadly steady yesterday with trades taking place within a thin range across the yield curve. The market favourite maturities of 15.03.24 and 01.05.29 were seen changing hands at levels of 11.00% to 11.01% and 11.40% to 11.42% respectively against its previous day’s closing levels of 10.98/02 and 11.38/42 while the maturities of 2021’s (i.e. 01.03.21, 01.05.21, 01.08.21, 15.10.21, 15.12.21), 2023’s (i.e. 15.03.23, 15.07.23 and 15.12.23), 01.08.26 and two 2027’s (i.e. 15.01.27 and 15.06.27) were seen trading at levels of 10.45% to 10.72%, 10.87% to 11.00%, 11.10% to 11.18% and 11.20% to 11.35% respectively as well. In secondary bill markets, December 2019 and February to March 2020 maturities were traded at 10.00% to 10.05%, 10.20% to 10.27% and 10.20% to 10.43% respectively.

In money markets, the overnight call money and repo rates averaged 8.50% and 8.58% respectively as the Open Market Operations (OMO) department of the Central Bank of Sri Lanka injected an amount of Rs. 10.00 billion and Rs. 4.00 billion on an overnight and seven day basis at weighted averages of 8.58% and 8.50% respectively yesterday. The overnight net liquidity shortfall in the system increased to Rs. 14.25 billion yesterday.

Rupee remains mostly unchanged

The Rupee on its spot contracts remained mostly unchanged yesterday to close the day at Rs. 176.10/25 against its previous day’s closing level of Rs. 176.20/35.

The total USD/LKR traded volume for 27 March was $ 149.05 million.

Some of the forward USD/LKR rates that prevailed in the market were 1 month - 177.00/30; 3 months - 178.70/00 and 6 months - 181.40/70.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.