Secondary bond market yields remain mostly unchanged

By Wealth Trust Securities

The secondary bond market yields remained mostly unchanged yesterday with activity witnessed on the three 2021 maturities (i.e. 01.03.21, 01.05.21 and 15.12.21), 01.08.24 and 01.08.26 at yields ranging between 9.72% to 9.88%, 10.00% to 10.05% and 10.12% to 10.15% respectively.

The total secondary market Treasury bond/bill transacted volumes for 20 September was Rs.19.12 billion.

In money markets, the OMO department of Sri Lanka drained out an amount of Rs.24.75 billion on an overnight basis by way repo auction at a weighted average of 7.26% as the net surplus liquidity in the system stood high of Rs.36.63 billion yesterday. The overnight call money and repo rates averaged 8.05% and 7.98% respectively.

Furthermore the OMO department drained out liquidity on permanent basis as it was seen mopping up excess liquidity by way of three auctions for outright sales of Treasury bills. In total an amount of Rs.7.7 billion was mopped up for 49, 56 and 63 days at weighted averages of 8.50% and 8.55% each respectively through the auctions, valued today 

Rupee remains mostly unchanged

In the Forex market, the USD/LKR rate on the spot rate remained mostly unchanged yesterday to close the day at Rs.152.70/75.

The total USD/LKR traded volume for 20 September was $ 94.52 million.

Some of the forward USD/LKR rates that prevailed in the market were one month – 153.40/50; three months – 154.90/00; and six months – 157.05/15.