Secondary market bond yields increase marginally

Friday, 16 June 2017 00:00 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

Marginal increases in the yields of bonds quoted in the secondary market was witnessed yesterday, with the liquid maturities of 2021’s (i.e. 01.08.21 and 15.12.21), 2023’s (i.e. 15.05.23 and 01.09.23), 01.08.24 and 01.08.26 hitting intraday highs of 11.33%, 11.35%, 11.43%, 11.49%, 11.50% and 11.56% respectively.

This was in comparison to the opening levels of 11.25/30, 11.25/32, 11.35/43, 11.40/45, 11.43/48 and 11.48/55. Furthermore, thin trades also took place consisting of the 15.06.2018 and 2019 maturities within the range of 10.49% to 10.53% and 10.75% to 10.91%. The 364-day bill which was consistently in demand was quoted at levels of 10.30/ 45.

The total secondary market Treasury bond transacted volume for the 14th of June 2017 was Rs. 8.00 billion.

In money markets, the OMO (Open Market Operations) Department of the Central Bank of Sri Lanka was seen injecting an amount of Rs. 19.00 billion on an overnight basis by way of a Reverse Repo auction at a weighted average of 8.75% as the net liquidity shortfall in the system increased further to Rs. 18.87 billion. The overnight call money and repo rates averaged 8.75% and 8.83% respectively.

Rupee on spot next contracts remain steady

In Forex markets, the rupee on the spot next contracts remained steady to close the day at Rs. 153.00/02 while spot next-next contracts were seen quoted at levels of Rs. 153.03/08.

The total USD/LKR traded volume for the 14 June 2017 was $ 54.00 million.

Some of the forward USD/LKR rates that prevailed in the market were one month - 154.15/25; three months - 156.15/25 and six months - 159.00/10.

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.