Secondary bond market yields remain steady

Friday, 1 June 2018 00:00 - - {{hitsCtrl.values.hits}}

Money market liquidity turns negative once again

By Wealth Trust Securities

The secondary bond market yields remained broadly steady yesterday with the maturities of 01.07.19, 01.03.21 and 15.03.23 changing hands within a range of 9.60% to 9.67%, 9.90% to 9.94% and 10.35% to 10.37% respectively.

In the secondary bill market, May 2019 bills traded at levels of 9.52% to 9.55%.

Meanwhile, inflation for May saw its point to point increase for the first time in seven months to 4.0% against its previous month of 3.8% while its annualised average decreased to 5.70% against 5.90%

The total secondary market Treasury bond transacted volume for 30 May 2018 was Rs. 17.95 billion.

Given below are the closing, secondary market yields of the most frequently traded T – bills and bonds.

In money markets, the OMO Department of the Central Bank of Sri Lanka was seen conducting an overnight Reverse Repo auction yesterday as the net liquidity position in the system was seen turning negative to record a net shortfall of Rs. 14.74 billion. The auction injected an amount of Rs. 12 billion at a weighted average rate of 8.08%. The overnight call money and repo rates averaged 7.93% and 7.92% respectively.

Rupee losses further

In the Forex market, the USD/LKR rate on the spot contract depreciated further yesterday to close the day at Rs. 158.30/50 against its previous day’s closing levels of Rs. 158.15/30 on the back of continued importer dollar demand.

The total USD/LKR traded volume for 30 May 2018 was $ 52.97 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.