Upward momentum persistent on moderate trading

By Wealth Trust Securities

The commencement of a new trading week saw secondary market bond yields continue its upward momentum driven by persistent selling interest. 

The yields on the maturities of 15.12.22, 15.12.23, 15.09.24 and 01.02.26 increased to intraday highs of 5.73%, 6.20%, 6.70% and 7.03% respectively on the back of moderate trades against its previous day’s closing level of 5.60/65, 6.00/10, 6.55/63 and 6.90/10.

The total secondary market Treasury bond/bill transacted volumes for 12 February was Rs. 2.81 billion.   

In the money market, weighted average rates on call money and repo remained mostly unchanged at 4.54% and 4.55% respectively while the overnight surplus liquidity was registered at Rs. 153.75 billion yesterday.

Rupee depreciates marginally

In Forex markets, USD/LKR rate on more active one week forward contracts were seen closing the day at Rs. 196.00/197.00 in comparison to its spot closing of Rs. 194.00/195.00 the previous day.

The total USD/LKR traded volume for 12 February was $ 31.75 million.   

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