Secondary bond market yields edge up further

Tuesday, 31 January 2017 00:00 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

The secondary bond market yields were seen increasing further yesterday with the liquid four-year maturities of 01.05.21, 01.08.21 and 15.10.21 hitting highs of 12.75%, 12.80% and 12.70% respectively on the back of continued foreign selling.

In addition, the 15.11.18 and 01.07.19 maturities were seen changing hands at highs of 11.75% and 12.00% respectively, while the 01.08.24 maturity was seen actively quoted at 12.60/65. Given below are the closing, secondary market yields for the most frequently traded T-bills and bonds.

Meanwhile in money markets, the overnight call money and repo rates averaged at 8.39% and 8.44% respectively as net surplus liquidity stood at Rs. 52.31 billion yesterday. The Open Market Operations (OMO) department of Central Bank drained out an amount of Rs. 49.25 billion on an overnight basis at a weighted average of 7.53%.

Rupee dips marginally

In Forex markets, the USD/LKR rate on active two weeks and one-month forward contracts depreciated marginally to close the day at Rs. 151.50/10 and Rs. 151.40/60 respectively against its previous day’s closing levels of Rs. 150.85/95 and Rs. 151.25/40.

The total USD/LKR traded volume for the 30 January 2016 was $ 96.36 million.

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

3 months - 153.10/20

6 months - 155.70/85

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