Secondary market bond yields edge up marginally once again
Friday, 22 August 2014 00:01
-
- {{hitsCtrl.values.hits}}
By Wealth Trust Securities
Activity in secondary bond markets moderates yesterday as yields were seen edging up once again with the liquid maturities of 15 May 2017, two 2018s (i.e. 1 April 2018 and 15 August 2018), the 1 July 2019 and the 1 July 2022 closing the day higher at levels of 7.25/35, 7.45/50, 7.45/55, 7.55/65 and 8.25/45 respectively against its previous day’s closing levels of 7.22/28, 7.30/35, 7.30/40, 7.45/50 and 8.23/28.
In secondary bill markets, May 2015 bills continued to be quoted at levels of 6.30/45, June 2015 at 6.35/45 and July 2015 at 6.40/50.
In money markets, overnight surplus liquidity remained steady at Rs. 32.26 billion yesterday as no Open Market Operations (OMO) were conducted for a fourth consecutive day. Overnight call money and Repo rates remained steady as well to average 6.70% and 6.54% respectively.
Rupee dips for a second consecutive day
The USD/LKR rate was seen dipping for a second consecutive day to close the day at Rs. 130.20/22 yesterday on the back of importer demand. The total USD/LKR traded volumes for 20 August stood at $ 36.70 million. Given are some forward dollar rates that prevailed in the market: one month – 130.56; three months – 131.19; six months – 132.21.
