Secondary market bond yields increase further

Friday, 8 February 2019 00:00 - - {{hitsCtrl.values.hits}}

The secondary bond market yields were seen increasing further yesterday on the back of continued selling interest. The yields on the liquid maturities of 01.08.21, two 2027’s (15.01.27 & 15.06.27) and 01.09.28 were seen hitting intraday highs of 10.95%, 11.30% 11.37% and 11.36% respectively against its previous day’s highs of 10.86%, 11.28% 11.30% and 11.32%. In addition, the 15.12.21 and 15.12.23 maturities were seen changing hands at levels of 11.00% and 10.971% to 11.03% respectively as well.

The total secondary market Treasury bond/bill transacted volumes for 6 February was Rs. 5.27 billion.

In the money market, overnight call money and repo rates averaged 8.99% and 9.00% respectively as the OMO Department of Central Bank infused liquidity by way of an overnight and a seven-day term reverse repo auction for successful amounts of Rs. 24.9 billion and Rs. 10 billion, at weighted average yield of 8.99% and 9.00% respectively. The net liquidity shortfall increased further to Rs. 103.82 billion.

Rupee losses again

The USD/LKR rate on spot contracts depreciated marginally yesterday to close the day at levels of Rs. 177.75/85 against its previous day’s closing levels of Rs. 177.65/80 on the back of buying interest by banks.

The total USD/LKR traded volume for 6 February was $ 136.34 million.

Some of the forward USD/LKR rates that prevailed in the market are 1 Month - 178.55/75; 3 Months - 180.40/70; 6 Months - 183.30/60.

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.