Treasury bond yields decrease further on persistent buying interest

By Wealth Trust Securities

The continuation of the persistent buying interest in the secondary bond market led to yields decreasing further yesterday. 

The yields on the liquid maturities of 01.05.24 and 15.05.26 hit intraday lows of 32.00% and 30.20% respectively against its previous day’s closing levels of 32.40/50 and 31.00/31.50. In addition, the 15.01.28 maturities traded at a low of 27.00% as well.

In money markets, the weighted average rate on overnight REPO stood at 15.50% while an amount Rs. 569.54 billion was withdrawn from Central Banks SLFR (Standard Deposit Facility Rate) of 15.50%. 

The net liquidity deficit stood at Rs. 234.10 billion yesterday as an amount of Rs. 335.44 billion was deposited at Central Banks SDFR (Standard Deposit Facility Rate) of 14.50%. No transactions were report on overnight Call money.

Forex Market 

In the Forex market, the middle rate for USD/LKR spot contracts dipped very marginally to Rs. 363.1900 yesterday against its previous day’s closing level of Rs. 363.1875.

The total USD/LKR traded volume for 30 November was $ 31.45 million.  

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