By Wealth Trust Securities

The commencement of a new trading week saw secondary market bond yields closing the day broadly steady yesterday, on the back of moderate activity. Limited activity was witnessed on the liquid maturities of 2022s (i.e. 15.11.22 & 15.12.22), 15.01.23 and 01.05.25 at levels of 5.58%, 5.53%, 5.60% and 6.36% respectively. 

In the secondary bill market, 5 March 2021 maturity changed hands at level of 4.62%. The total secondary market Treasury bond/bill transacted volumes for 4 September 2020 was Rs. 13.67 billion.   

In the money market, weighted average rates on overnight call money and Repo’s stood at 4.52% and 4.63% respectively as the overnight liquidity surplus stood at a high of Rs. 191.76 billion yesterday.

LKR appreciates

In the Forex market, USD/LKR rate on spot contracts was seen appreciating to close the day at Rs. 184.65/80 against its previous day’s closing level of Rs. 185.10/20 on the back of selling interest. It traded with the range of Rs. 184.65 to Rs. 185.05.

The total USD/LKR traded volume for 4 September was $ 60.65 million.   

(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)

Stock market begins new week bearish