Activity in secondary bond markets dry up

Tuesday, 26 August 2014 01:26 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities Active two way quotes were mainly seen on the liquid two 2018 maturities (i.e. 1 April 2018 and 15 August 2018), the 1 July 2019 and the 1 July 2022 maturities within the range of 7.40/50, 7.50/60, 7.75/80 and 8.50/55 respectively as activity was seen drying up yesterday with most market participants seen on the sidelines.

Meanwhile in money markets, overnight call money and repo rates remained steady to average 6.70% and 6.52% respectively as overall surplus liquidity stood at Rs. 38.56 billion yesterday. The total amount was deposited at Central Bank’s Standing Deposit Facility Rate (SDFR) of 6.50% as no auctions under its Open Market Operations (OMO) were conducted yesterday. Rupee dips marginally The USD/LKR rate was seen dipping marginally to Rs. 130.20/22 yesterday on the back of importer demand. The total USD/LKR traded volumes for 22 August stood at $ 46.75 million. Given are some forward dollar rates that prevailed in the market: one month – 130.64; three months – 131.26; six months – 132.31.