Bond market activity moderates

Tuesday, 10 May 2022 03:39 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

The secondary bond market commenced the fresh trading week on a dull note yesterday. A 15/11/23 maturity was seen changing hands at 25.00% while a 29 July bill maturity traded at a level of 22.00%.

The total secondary market Treasury bond/bill transacted volume for 6 May was Rs. 5.75 billion.

In money markets, the net liquidity deficit stood at Rs. 606.63 billion yesterday as an amount of Rs. 185.66 billion was deposited at Central Banks SDFR (Standard Deposit Facility Rate) of 13.50% against an amount of Rs. 792.29 billion withdrawn from Central Banks SLFR (Standard Deposit Facility Rate) of 14.50%. The weighted average rates on overnight Call money and REPO stood at 14.50% each.

Furthermore, the Domestic Operations Department (DOD) of the Central Bank of Sri Lanka was seen injecting an amount of Rs. 69.50 billion by way of a 59-day Reverse Repo auction at a weighted average rate of 23.05%, valued today.

Forex Market

The Forex market continued to remain inactive.

The total USD/LKR traded volume for 6 May was $ 35.25 million.

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