Short to mid-term yields dip marginally

Friday, 2 July 2021 00:07 - - {{hitsCtrl.values.hits}}

Overnight liquidity dips to over a 14-month low

By Wealth Trust Securities

The steady demand for short to mid-term maturities in the secondary bond market saw its yields dip marginally yesterday. The maturities of 15.12.22 and 2023’s (i.e. 15.07.23, 01.09.23 and 15.11.23) changed hands at levels of 5.65%, 6.03%, 6.13% to 6.15 and 6.25% respectively, while the 01.12.24 changed hands within the range of 6.75% to 6.78% respectively.

The total secondary market Treasury bond/bill transacted volume for 30 June was Rs. 18.43 billion. In money markets, the overnight net liquidity surplus was seen decreasing to over a 14-month low of Rs. 73.26 billion yesterday as an amount of Rs. 84.75 billion was withdrawn from Central Banks SLFR of 5.50% against an amount of Rs. 158.01 billion deposited at Central Banks SLDR of 4.50%. The weighted average rates on overnight call money and repo was registered at 4.92%% and 4.95% respectively.

USD/LKR

In Forex markets, the overall market continued to remain inactive yesterday. The total USD/LKR traded volume for 30 June was US $ 75.50 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.