Home / Financial Services/ Secondary bond market activity moderates

Secondary bond market activity moderates

Comments / {{hitsCtrl.values.hits}} Views / Friday, 7 September 2018 00:00

By Wealth trust Securities

Activity in the secondary bond market moderated once again yesterday with limited trades of the two 2019 (i.e. 01.07.19 and 15.09.19), 15.12.20, two 2021s (i.e. 01.03.21 and 01.05.21) and 01.08.24 maturities taking place at levels of 8.95% to 8.98%, 9.35% to 9.38%, 9.51% to 9.53% and 10.10% respectively.  

Furthermore, the 15.01.19 maturity was traded at 8.48%. The total secondary market Treasury bond/bill transacted volumes for 5 September 2018 was Rs. 5.80 billion.

Given below are the closing, secondary market yields of the most frequently traded T-bills and bonds. 

 In the money market, the overnight call money and repo rates averaged 7.89% and 8.00% respectively as the net surplus liquidity increased further to Rs. 22.76 billion yesterday. The Open Market Operations (OMO) Department of the Central Bank of Sri Lanka drained out an amount of Rs. 17.61 billion on an overnight basis at a weighted average of 7.82%.

Rupee fluctuates 

and closes higher 

 The Sri Lankan Rupee (LKR) against the US Dollar (USD) was seen gaining to an intraday high of Rs. 161.30 yesterday subsequent to opening at a low of Rs. 162.50 on the back of selling interest by banks. The greenback was seen closing the day at Rs. 161.40/60 against its previous day’s closing of Rs. 162.15/30.

The total USD/LKR traded volume for 5 September 2018 was $ 67.25 million.

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

 1 Month              -               162.15/45

3 Months             -              163.90/30

6 Months             -              166.20/60


Share This Article


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 Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.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


Today's Columnists

Of love and struggle: The interconnected feminist movements of South Asia

Wednesday, 26 September 2018

The last Cat’s Eye column observed all that there is to celebrate in the recent Supreme Court of India’s judgement on Sec. 377, which decriminalised adult consensual same-sex sexual activity in private. We used this ‘magnificent’ decision, wh

Accessibility at buildings and places – Indispensable need to enjoy civil rights

Wednesday, 26 September 2018

Have you not yet realised that the chances are now very high that at any stage or any moment in life, for a short time or for a long time, for different reasons, you or your loved ones could experience physical and/or sensory impediments, and fall in

Over-tourism: The new buzz word in tourism

Wednesday, 26 September 2018

Periodically the tourism industry is in the habit of coming up with some interesting name to describe a new emerging trend or situation in the industry. Sometimes the phenomena is not new, but has become relevant and topical enough to ‘package’ a

Depreciation of the rupee and Sri Lanka’s dilemma

Wednesday, 26 September 2018

The rupee depreciated by Rs. 29 from 2005 to 2014 and the average year-on-year depreciation of the Sri Lankan rupee was 2.8% per year. Official foreign reserves increased from $ 2.7 billion to $ 8.2 billion over the same period. In stark contrast, th

Columnists More