Secondary market yields steady as activity dries up

By Wealth Trust Securities

Activity in secondary bond markets dried up yesterday with a limited amount of trades seen on the 15 September 2019 and the 1 July 2022 maturities at levels of 7.97% to 7.99% and 8.54% to 8.56% respectively. Yields on the rest of the yield curve were seen closing the day broadly steady against its previous trading day’s closings levels.

Meanwhile in money markets yesterday, overnight call money and repo rates remained steady to average at 6.10% and 5.79% respectively as surplus liquidity stood at Rs. 84.07 billion.  

Rupee remains steady

The USD/LKR rate on spot contracts remained steady at Rs. 134.00 yesterday while the three month forward contract stood at Rs.135.60/90 as volumes traded remained moderate.  The total USD/LKR traded volume on 12 June stood at $ 54.40 million.