Home / Financial Services/ Secondary bond market yields increase on moderate volumes

Secondary bond market yields increase on moderate volumes


Comments / {{hitsCtrl.values.hits}} Views / Tuesday, 17 April 2018 00:00

Facebook

By Wealth Trust Securities

The secondary market bond yields were seen increasing yesterday, with moderate volumes being traded. 

The 15.03.23 maturity hit intraday highs of 10.05% when compared against the previous day’s closing levels of 9.80/85. Furthermore, limited trades of the 01.03.21, 15.12.21, 15.06.27 and 01.09.28 maturities were witnessed at levels of 9.80%, 9.85% to 9.95%, 10.25% and 10.30% respectively, while the two way quotes along the rest of the yield curve too, increased. 

The total secondary market Treasury bond/bill transacted volumes for 12 April 2018 was Rs. 5.58 billion.

In money markets, the overnight call money and repo rates remained mostly unchanged to average 7.89% and 7.91% respectively as the Open Market Operations (OMO) Department of the Central Bank Sri Lanka was seen injecting an amount of Rs.4.43 billion on an overnight basis by way of a Reverse Repo auction at a weighted average of 7.88%. The liquidity in the system stood at a net surplus of Rs. 16.92 billion.

Rupee dips

In the Forex market, the USD/LKR rates on spot contracts were seen depreciating yesterday to close the day at Rs. 155.95/10 against its previous day’s closing levels of Rs. 155.70/80 on the back of importer demand.

The total USD/LKR traded volume for 12 April 2018 was $ 40.50 million.

Some of the forward USD/LKR rates that prevailed in the market were one month - 156.55/70; three months - 158.15/30 and six months - 160.40/60.


The secondary market yields for the most frequently traded maturities.

Treasury Bills

91 Day Bills – 8.25 / 8.50

182 Day Bills –8.60 / 8.90

364 Day Bills –9.55 / 9.60

Treasury Bonds

15/09/19    -       9.55 / 9.65

01/05/20     -      9.60 / 9.70

01/03/21     -      9.75 / 9.80

01/10/22     -      9.75 / 9.85

15/03/23     -      9.97 / 10.02

01/08/24     -    10.00 / 10.08

01/08/25     -    10.00 / 10.20

01/08/26     -    10.10 / 10.20

15/06/27     -    10.20 / 10.25

01/09/28     -    10.25 / 10.30

15/05/30     -    10.30 / 10.45

15/01/33     -    10.50 / 10.60


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 Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.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