Home / Financial Services/ Secondary market yields dip marginally on moderate volumes

Secondary market yields dip marginally on moderate volumes


Comments / {{hitsCtrl.values.hits}} Views / Tuesday, 31 July 2018 00:00

Facebook

By Wealth Trust Securities

In the secondary bond market, yields were seen declining marginally yesterday, mainly on the 01.08.21, 01.10.22, 15.03.23 and 15.10.25 maturities to daily lows of 9.80%, 10.05%, 10.13% and 10.26%, respectively, against its previous days closings of 9.80/90, 10.05/10, 10.18/20 and 10.30/40. In addition, the 01.07.19 and 01.03.21 was seen changing hands at levels of 9.25% and 9.78%, respectively, as well on the back of moderate volumes. 

In the secondary bill market, February 2019 bills were traded at levels of 8.85%.

The total secondary market Treasury bond/bill transacted volumes for 26 July was Rs. 1.15 billion.

In the money market, the OMO department of the Central Bank was seen draining out an amount of Rs. 15 billion on an overnight basis by way of a repo auction at a weighted average of 7.75% as the net surplus liquidity in the system increased to Rs. 35.71 billion yesterday. The overnight call money and repo rates averaged at 8.49% and 8.34% respectively.



Rupee depreciates marginally 

The USD/LKR rate on spot contracts depreciated marginally yesterday to close the day at Rs. 159.60/70 against its previous day’s closing levels of Rs. 159.55/65.

The total USD/LKR traded volume for 26 July was $ 37.35 million.

Some of the forward USD/LKR rates that prevailed in the market were 1 Month - 160.45/65; 3 Months -              161.95/15 and 6 Months - 164.50/70.

 


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 Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.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

Let sanity prevail

Saturday, 18 May 2019

To those of our generation it will appear that Sri Lanka is in a near permanent state of conflict; now hidden, now open, citizen against citizen, brother against brother. There are interruptions to the theme of violence, these breaks are mistaken for


The crisis and constitutional violations

Friday, 17 May 2019

Sri Lanka was in a deep and complex crisis even before the outbreak of the Easter Sunday attacks. Now, in the wake of the Easter Sunday attacks, the country has plunged into a deeper and bigger crisis, which is more complex than it was before. The ec


Who are we?

Friday, 17 May 2019

Faced with a tragedy of the scale we have just witnessed, I don’t believe it’s enough to ask how it happened, or what happens next. We must ask a much more fundamental question, which is, who are we? The easy answer is to say we are Sri Lankans,


Mangala’s mistake

Friday, 17 May 2019

The script of ‘Mangala’s mistake’ is simple and straightforward. It begins with a pervasive silence of our collective complicity with an untruth. Mangala decides to pierce the conspiracy of silence with the obvious truth. It is a grave mistake


Columnists More