Secondary bond market yields increase

Friday, 23 June 2023 00:14 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities Ltd

The secondary bond market yields increased yesterday as the liquid maturities of 01.07.25, two 2027’s (i.e., 01.05.27 & 15.09.27) and 01.07.32 hit intraday highs of 27.25%, 23.00% each and 21.00% respectively against its previous day’s closing level of 26.50/65, 22.60/90, 22.60/80 and 19.75/25. In secondary bills, September 2023 and April-May 2024 maturities changed hands at levels of 22.50% and 17.00% to 17.05% respectively.

The total secondary market Treasury bond/bill transacted volume for 21 June 2023 was Rs. 61.41 billion.

In money markets, the weighted average rates on overnight call money and repo were registered at 13.54% and 13.56% respectively as the DOD (Domestic Operations Department) of Central Bank injected liquidity by way of overnight and 6-day reverse repo auctions for a total volume of Rs. 100 billion at weighted average rates of 13.52% and 13.96% respectively. Further an amount of Rs. 74.53 billion was withdrawn from Central Banks SLFR (Standard Lending Facility Rate) of 14%.

Forex Market

In the Forex market, the USD/LKR rate on spot contracts was seen closing the day broadly steady at Rs. 306.75/307.50 subsequent to trading within the range of Rs. 306.50 to Rs. 307 yesterday.

The total USD/LKR traded volume for 21 June was $ 79.75 million.

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

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.