Bond yields broadly unchanged as activity moderates

By Wealth Trust Securities

The fresh trading week in the secondary bond market commenced on a lackluster note yesterday, due to activity moderating while yields were seen closing the day broadly steady. Limited trades were seen on the maturities of 01.05.25, 01.08.26 and 01.07.28 at levels of 6.31%, 6.60% to 6.63% and 7.08% to 7.10% respectively. In the secondary bill market, 18th December 2020 and 15th October 2021 maturities were traded at levels of 4.54% and 4.95% respectively.

The total secondary market Treasury bond/bill transacted volumes for 16th October 2020 was Rs.10.36 billion.   

In the money market, the weighted averages on overnight call money and Repos were registered at 4.52% and 4.57% respectively as the overnight surplus liquidity stood at Rs.175.68 billion yesterday.

Rupee depreciates marginally

In the Forex market, USD/LKR rate on spot contracts was seen depreciating marginally to close the day at Rs.184.30/40 against its previous day’s closing level of Rs.184.20/30, subsequent to trading within the range of Rs.184.15 to Rs.184.45.

The total USD/LKR traded volume for 16th October was US $ 76.76 million.   

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