Home / Financial Services/ Secondary bond market remains at a standstill  

Secondary bond market remains at a standstill  


Comments / {{hitsCtrl.values.hits}} Views / Tuesday, 10 July 2018 00:43


By Wealth Trust Securities

Activity in the secondary bond market remained at a standstill yesterday, with two way quotes increasing and widening against its Fridays closings, mainly on the long end of the curve as most market participants were seen on the sidelines. Only the 15.03.23 maturity was seen changing hands yesterday within the range of 10.42% to 10.45%.  

The total volume of Treasury bonds/bills transacted in the secondary market on 6 July was Rs. 3.74 billion.

The Open Market Operations (OMO) department of Central Bank was seen injecting an amount of Rs 0.93 billion in total yesterday, by way of outright purchases of Treasury bills, against a total buy back amount of Rs 20 billion for durations ranging from 38 days to 129 days at weighted averages of 8.25% to 8.35%. 

A further amount of Rs 17 billion was infused by way of an overnight reverse repo auction at 8.44%, with a further Rs 10.80 billion been drawn down from CBSL’s Standing Lending Facility. The net liquidity shortfall decreased to Rs 18 billion yesterday. 

The overnight call money and repo rates averaged at 8.48% and 8.36% respectively.

Rupee dips marginally    

The USD/LKR rate on spot contracts were seen depreciating marginally yesterday to close the day at Rs. 159.30/35 against its previous day’s closing of Rs. 159.20/35, on the back of continued importer demand outpacing export conversions.

The total USD/LKR traded volume for 6 July was $41.85 million. 

Some of the forward USD/LKR rates that prevailed in the market were: 1 Month - 160.15/30; 

3 Months - 161.80/10 and 6 Months - 164.30/60.


Share This Article


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 Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.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

Taking sides – on the side of the law

Monday, 19 November 2018

I am under criticism for “taking sides” in the ongoing dispute between the UNF and UPFA. Former President Mahinda Rajapaksa has accused me thus: “Yesterday a commissioner from the Elections Commission went to the Supreme Court saying that the P


Hang the House! It’s OUR country, future, etc.

Monday, 19 November 2018

I have rarely if ever empathised with the Sri Lanka Police Department. But when I saw those hapless cops ducking chilli bombs in Parliament, my heart went out to those whom I had previously seen as simply being PC Plods or Mr Goons. Sorry to say that


The only way out

Monday, 19 November 2018

Leaving aside the legalities, politicalities, constitutionalities and the complexities of the current imbroglio in which the nation is grounded (temporarily), the underlying issues in the constitutional crisis can be reduced to one single question: a


Man-made constitutional crisis: Personal vendettas should not be allowed to destroy the country

Monday, 19 November 2018

President is simply one presiding over an entity of people It all came to surface as the culmination of a personal vendetta between President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe. The country at large knew of it when the Pre


Columnists More