Monday Oct 28, 2024
FT
Monday Oct 28, 2024
Friday, 25 October 2024 02:02 - - {{hitsCtrl.values.hits}}
By Wealth Trust Securities
The secondary bond market yesterday, saw yields edge up, albeit marginally.
The market remained active with healthy transaction volumes observed.
The 01.06.26 and 01.08.26 maturities saw trades at the elevated levels of 10.55%-10.60%. The yield on the 15.09.27 maturity increased from 11.43%-11.50% intraday. The popular 15.03.28 maturity saw yields increase from 11.75%-11.77%. The 01.05.28 and 01.07.28 tenors followed suit with yields increasing from 11.80% to 11.86% intraday. Additionally, the 15.12.28 was seen changing hands at the rate of 11.95%. The 2029 tenors of 15.06.29 and 15.09.29 were seen trading within the range of 12.04%-12.05% while the 01.12.31 maturity traded within the range of 12.32% to 12.35%.
The total secondary market Treasury bond/bill transacted volume for 23 October was Rs. 39.94 billion.
In money markets, the weighted average rate on overnight call money was at 8.55% and repo was at 8.70%.
The DOD (Domestic Operations Department) of Central Bank injected liquidity by way of an overnight reverse repo auctions for Rs. 35.66 billion at the weighted average rate of 8.41%.
The net liquidity surplus stood at Rs. 153.57 billion yesterday as an amount of Rs. 189.23 billion was deposited at Central Banks SDFR (Standard Deposit Facility Rate) of 8.25%.
Forex Market
In the Forex market, the USD/LKR rate on spot contracts dipped further to close trading yesterday at
Rs. 293.78/293.82 against its previous day’s closing level of Rs. 293.45/293.55.
The total USD/LKR traded volume for 23 October was
$ 43.33 million.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)
