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weighted average rates of overnight call money and REPO stood at 16.50% each while an amount of Rs.175.36 billion was withdrawn from Central Banks SLFR (Standard Lending Facility Rate) at 16.50%.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

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.