Home / Financial Services/ Positive momentum in bond market continues ahead of weekly bill auction

Positive momentum in bond market continues ahead of weekly bill auction


Comments / {{hitsCtrl.values.hits}} Views / Wednesday, 8 August 2018 00:00

Facebook

By Wealth Trust Securities

The positive momentum in the secondary bond market continued yesterday as well, with the liquid maturities of 15.03.23 and 01.08.24 changing hands at lows of 9.85% and 9.94% in comparison to the previous day’s closing levels of 9.90/92 and 9.95/00. 

Furthermore, activity was also witnessed consisting of the 2019s (i.e. 01.07.19 and 15.09.19), 2020s (i.e. 01.05.20 and 15.12.20), 2021s (i.e. 01.03.21 and 01.05.21), 01.10.22 and 01.08.26 maturities within the range of 9.13% to 9.20%, 9.48% to 9.50%, 9.55% to 9.62%, 9.80% to 9.83% and 10.10% to 10.13% respectively.

Meanwhile, today’s bill auction will have on offer a total amount of Rs. 20.5 billion consisting of Rs. 5 billion of the 91 day, Rs. 3 billion of the 182 day and Rs. 12.5 billion of the 364 day maturities. At last week’s auction, the weighted average yield of the 91 and 364 day maturities deceased by seven and four basis points respectively to 8.17% and 9.23% with all bids for the 182 day maturity being rejected.

The total secondary market Treasury bond/bill transacted volumes for 6 August 2018 was Rs. 3.40 billion.

Given below are the closing, secondary market yields of the most frequently traded T-bills and bonds. In money markets, overnight call money and repo rates averaged 8.30% and 8.16% respectively as the net liquidity surplus increased further to Rs. 48.67 billion.

Rupee remains steady  

The USD/LKR rate in the Forex market remained steady to close the day at Rs. 159.77/82 on spot contracts as the market was at an equilibrium.

The total USD/LKR traded volume for 6 August 2018 was $ 91.75 million.

Given below are some forward USD/LKR rates that prevailed in the market. 

1 Month        -             160.60/80

3 Months      -             162.20/40

6 Months      -             164.65/85


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

17 things ‘Avengers: Endgame’ teaches us about the state of our superheroes

Friday, 24 May 2019

Art imitates life. Even movies do. Maybe especially so. In these lean times, there’s nothing like a little laughter to stop the press, stem the blood pressure, ease that stress in life. So here goes. Trust you’ll take these tongue-in-cheek. Or pe


Sri Lanka needs urgent surgery!

Friday, 24 May 2019

Sri Lanka was on the slippery slope of a serious crisis, heading for a great disaster of the State, even before the outbreak of Easter Sunday attacks. Now, in the aftermath of the ruthless Easter Sunday attacks, the country’s crisis has become exac


Who built the Matara/Beliatta railway line?

Friday, 24 May 2019

In 2019, after 70 long years of independence, Sri Lanka succeeded in adding to the rail network left behind by the British when we extended the southern line from Matara to Beliatta, a distance of less than 20 miles. While the network left in place b


Occupational prestige further propagates a divisive society

Friday, 24 May 2019

Occupational prestige is regarded by society as an individual’s social standing based on the occupational position in the hierarchical social structure of an aggregate of occupations. Accordingly, the general public perceive certain occupations hig


Columnists More