Secondary bond market at complete standstill

Tuesday, 21 March 2017 00:00 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

Activity in secondary bond markets was at a complete standstill yesterday as most market participants were seen on the sidelines.

A limited amount of activity was seen on the 01.07.19, 01.01.24, 15.03.25 and 01.08.25 at levels of 12.40%, 13.25% and 13.35% each respectively. The total secondary market Treasury bond transacted volume for 17 March was Rs. 2.8 billion. Given below are the closing secondary market yields for the most frequently traded T-bills and bonds.

In money markets, the infusing of an amount of Rs. 12.73 billion at a weighted average of 8.50% on an overnight basis by the OMO Department of the Central Bank of Sri Lanka saw the overnight call money and repo rates remain mostly unchanged to average at 8.50% and 8.55% respectively yesterday. The net deficit in the system stood at Rs. 16.19 billion.

Rupee appreciates

The USD/LKR rate on the active two weeks forward contracts appreciated yesterday to close the day at levels of Rs. 152.40/50 against the previous day’s closing levels of Rs. 152.55/70 on the back of export conversions and dollar selling by banks offsetting importer demand as activity moderated.

The total USD/LKR traded volume for 17 March was $ 95.50 million.

Given below are some forward USD/LKR rates that prevailed in the market.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.