Secondary market bond yields increase marginally in thin trades

Tuesday, 30 May 2017 00:12 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

It was a day of thin trading in the secondary bond market yesterday, with selling interest of maturities consisting of 15.12.21, 01.08.24 and 01.08.26, driving their yields up marginally to intraday highs of 11.51%, 11.71% and 11.73% respectively. This also DFT-11-3 led to higher two way quotes along the rest of the yield curve.

The total secondary market Treasury bond transacted volume for the 26th of May 2017 was Rs.2.45 billion.

In money markets, the overnight call money and repo rates remained mostly unchanged to average at 8.72% and 8.79% as the net surplus liquidity in the system increased to Rs.8.36 billion. The Open Market Operations (OMO) Department of the Central Bank of Sri Lanka was seen draining out an amount of Rs.7.37 billion on an overnight basis at a weighted average of 7.27% by way of a repo auction.

Rupee remains stable

The USD/LKR rate on spot contracts remained steady to close the day at Rs.152.88/95 yesterday.

The total USD/LKR traded volume for the 26th of May 2017 was US $ 41.25 million.

Some of forward USD/LKR rates that prevailed in the market were 1 Month - 153.90/00; 3 Months - 155.95/10 and 6 Months - 158.80/10.

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