Bond yields increase marginally

By Wealth 

Trust Securities

The yields in the secondary bond market were seen increasing marginally on Wednesday on the back of selling interest. 

The liquid maturities of 01.05.20, 01.08.21, 15.03.25, 01.06.26 and 15.05.30 saw its yields increase to daily highs of 11.60% each, 12.08%, 12.25% and 12.70% respectively against its days opening lows of 11.45%, 11.50%, 12.02%, 12.20% and 12.55%. 

In addition, on the short end of the yield curve, 2018 and 2019 maturities were seen changing hands within the range of 11.00% to 11.20% and 11.20% to 11.35% respectively as well.

Meanwhile in money markets, the net deficit was seen reducing for a second consecutive day to record Rs 20.53 billion yesterday. Call money and repo rates remained broadly steady to average 8.14% and 8.04% respectively. 

Rupee continues to depreciate 

 Meanwhile in Forex markets, the dollar/rupee rate remained mostly unchanged to close the day at Rs.146.30/60 yesterday on its spot next contract. The total USD/LKR traded volume for 19 April was $ 51.10 million. 

Given are some forward USD/LKR rates that prevailed in the market: one month – 147.50/00; three months – 148.80/25; six months – 151.20/60.