Secondary bond market yields increase; Rupee dips marginally

Friday, 21 April 2023 00:15 -     - {{hitsCtrl.values.hits}}

 


By Wealth Trust Securities

The secondary bond market yields increased yesterday as the liquid maturities of 01.07.25 and two 2027’s (i.e., 01.05.27 & 15.09.27) hit intraday highs of 28.25%, 26.50% and 26.75% respectively against its previous day’s closing level of 27.90/10, 25.90/00 and 26.00/10. In addition, maturities of 15.01.28 and 01.07.32 changed hands at levels of 25.00% to 25.05% and 22.50% to 23.00% as well.

The total secondary market Treasury bond/bill transacted volume for 19 April 2023 was Rs. 73.41 billion.

In money markets, the weighted average rates of overnight call money and REPO stood at 16.50% each while an amount of Rs.175.36 billion was withdrawn from Central Banks SLFR (Standard Lending Facility Rate) at 16.50%.

Forex Market 

In the Forex market, the USD/LKR rate on spot contracts closed at Rs. 321.55/321.70 yesterday against its previous day’s closing level of Rs. 321.10/321.50 subsequent to trading at Rs. 321.50 to Rs. 321.63.

The total USD/LKR traded volume for 19 April was $ 61.55 million.  

 

COMMENTS