Short tenure yields dip on renewed demand

By Wealth Trust Securities

The fresh trading week commenced on a positive note as renewed buying interest on the very short end of the yield curve saw its secondary market yields declining marginally yesterday, while two way quotes on the rest of the yield curve remained broadly steady. 

The 2022s (i.e. 01.10.22 and 15.12.22) and 2023s (i.e. 15.07.23 and 15.11.23) changed hands within the range 5.74% to 5.90% and 6.35% to 6.50% respectively against its previous day’s closings of 5.90/00, 5.95/03, 6.45/55 and 6.52/60 while 01.05.25 changed hands at level of 7.05%. In secondary bills, May, June and October 2021 maturities traded at levels of 4.90% to 5.05%.

In money markets, the net liquidity surplus was seen decreasing marginally to Rs. 147.69 billion yesterday while the weighted average rates on call money and repo increased marginally to 4.67% and 4.69% respectively.

USD/LKR 

In Forex markets, the USD/LKR on Spot contracts traded at a level of Rs. 199.85 yesterday.

The total USD/LKR traded volume for 30 April was $ 3.35 million.   

(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, money broking companies)