Yields edge up marginally as activity dries up

Friday, 6 March 2015 00:00 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities Activity in secondary bond markets dried up yesterday with quotes on the liquid maturities of 1 April 2018, 15 August 2018 and 1 July 2022 edging up marginally to close the day at 7.70/90, 7.80/00 and 8.15/30 respectively subsequent to changing hands within the range of 7.80% to 7.85%, 7.85% to 7.90% and 8.20% to 8.25%.

In secondary bill markets, buying interest saw the 182 day and 364 day maturities changing hands within the range of 6.90% to 6.95% and 6.90% to 7.00% respectively. Meanwhile in money markets yesterday, overnight call money and repo rates continued to remain steady to average 6.70% and 6.54% respectively as surplus liquidity stood at Rs. 17.64 billion. Rupee dips marginally on one week contracts The USD/LKR rate on one week forward contracts dipped marginally to close the day at levels of Rs. 133.50/60 while spot and spot next contracts continued to remain stagnant at Rs. 132.90/20 and Rs.132.92/20. The total USD/LKR traded volume for 3 March was at $ 93.50 million. Some forward USD/LKR rates that prevailed in the market were: one month – 134.20; three months – 135.10; and six months – 136.90.