Secondary market bond yields increase

by Wealth Trust Securities

The secondary market bond yields were seen increasing yesterday, mainly on the liquid maturities of 15.11.22, 15.09.24, 01.05.25 and 01.02.26 as its yields hit intraday highs of 5.65%, 6.15%, 6.43% and 6.65% respectively against its previous day’s closing levels of 5.55/60, 6.06/10, 6.35/45 and 6.60/65. Furthermore, limited amount of activity was also witnessed on the maturities of 01.08.21, 15.12.22, 15.03.24 and 15.06.24 at levels of 4.81% to 4.85%, 5.62% to 5.63%, 6.14% and 6.11% to 6.12% respectively. In secondary bills, 25 December 2020 and 1 January 2021 maturities traded at a level of 4.60%. 

The total secondary market Treasury bond/bill transacted volumes for 23 September was Rs. 7.40 billion.   In the money market, the overnight net liquidity surplus of Rs. 163.47 billion saw the weighted average rates of overnight call money and Repos being recorded at 4.52% and 4.64% respectively yesterday.

LKR loses marginally

In the Forex market, USD/LKR rate on spot contracts was seen depreciating marginally yesterday to close the day at Rs. 185.20/30 against its previous day’s closing level of Rs. 184.95/05 on the back of buying interest by banks.

The total USD/LKR traded volume for 23 September was $ 96.20 million.   

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