Secondary bond market yields remain broadly unchanged

Tuesday, 21 July 2020 00:37 -     - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

The secondary bond market closing yields remained mostly unchanged yesterday as activity moderated. The liquid maturities of 15.12.22, 15.01.23, 15.09.24, 01.02.26 and 15.10.27 were seen changing hands at levels of 5.36% to 5.40%, 5.40% to 5.45%, 6.01% to 6.05%, 6.37% to 6.42% and 6.58% to 6.59%. 

Furthermore, maturities such as the 01.08.21, 15.03.24 and 15.06.24 too, traded at levels of 4.90% to 4.91%, 5.96% and 6.05% respectively. 

The total secondary market Treasury bond/bill transacted volumes for 17 July was Rs. 10.04 billion.  

In money markets, the overnight call money and repo rates averaged 4.52% and 4.56% respectively as the overnight liquidity surplus in the system stood at Rs. 116.86 billion. 

LKR remains mostly unchanged

 In the Forex market, the USD/LKR rate on spot contracts remained mostly unchanged to close the day at levels of Rs. 185.70/80, subsequent to trading within the range of Rs. 185.75 to Rs. 185.79.

The total USD/LKR traded volume for 17 July was $ 69.55 million.  

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