Yields steady to down in moderate trading

Friday, 8 January 2021 00:00 -     - {{hitsCtrl.values.hits}}

 

  • Rupee continues to appreciate

By Wealth Trust Securities


The secondary market bond yields closed the day steady to down yesterday in comparison to its previous days’ closings. Buying interest on the 2023 maturities of 15.01.23, 01.10.23 and 15.12.23 saw its yields dip to intraday lows of 5.58%, 5.86% and 5.97% respectively in comparison to its previous day’s closings of 5.60/63, 5.91/93 and 5.98/03, while 2022 maturities traded within the range of 5.56% to 5.60%, 15.09.24 at 6.34% to 6.36% and 15.08.27 at 7.15%. In secondary bills, July and October 2021 maturities changed hands at levels of 4.75% and 4.89% respectively. 

The total secondary market Treasury bond/bill transacted volumes for 6 January was Rs. 32.68 billion.   

The overnight call money and Repo averaged 4.54% and 4.55% respectively yesterday, while surplus liquidity stood at Rs. 242.22 billion.

 

Rupee gains

The activity in the Dollar/Rupee market was seen shifting back to spot next contracts yesterday as it closed the day wide at Rs. 188.00/189.50 in comparison to its one-month forward contract closing of Rs. 190.75/191.25 the previous day.

The total USD/LKR traded volume for 6 January was $ 44.4 million.   

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

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