Tuesday, 24 June 2014 00:01
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By Wealth Trust Securities
Continued buying interest saw secondary market bond yields close the day steady yesterday amidst selling interest with activity centering the five year maturities of 2019. Activity was witnessed on the 1 July 2019 maturity within the range of 8.71% to 8.73% closely followed by the liquid two 2018 maturities (i.e. 01.04.2018 & 15.08.2018) within the range of 8.23% to 8.25% and 8.32% to 8.34% respectively. In addition, active two way quotes were seen on the 2015 maturities within the range of 7.00% to 7.10%, 2016 within 7.25% to 7.35%, 2017 within 7.62% to 7.65%, 2021 within 9.33% to 9.37% and 2022 within 9.78% to 9.80%. Meanwhile in secondary bill markets, continued buying interest centering the 364-day maturity saw it been quoted within the range of 6.93% to 6.98%.
Meanwhile in money markets, overnight call money and repo rates averaged 6.98% and 6.54% respectively as surplus liquidity in money market stood at Rs. 23.61 billion yesterday. The Open Market Operations (OMO) department of the Central Bank was seen mopping up an amount of Rs. 11.9 billion on a four day basis at a WAvg of 6.62% while a further amount of Rs. 11.71 billion was deposited at its Standing Deposit Rate (SDR) of 6.50%.
Rupee remains stable
In Forex markets, the USD/LKR rate remained mostly unchanged to close the day at levels of Rs. 130.28/30 as markets were at equilibrium. The total USD/LKR traded volume for the previous day (20 June 2014) stood at $ 113.05 million.
Some of the forward dollar rates that prevailed in the market were 1 Month: Rs. 130.76, 3 Months: Rs. 131.62 and 6 Months: Rs. 132.77.
