Bond yields broadly unchanged

Wednesday, 29 July 2020 01:39 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

The secondary bond market yields were seen closing the day broadly steady yesterday, as activity was witnessed within a narrow range across the yield curve. Trades on the liquid maturities of 15.12.22, 15.09.24, 01.02.26, 15.10.27 and 15.05.30 were seen at levels of 5.63% to 5.70%, 6.26%, 6.52% to 6.57%, 6.95% to 7.00% and 7.30% respectively against its previous days closings of 5.65/75, 6.25/32, 6.50/65, 6.80/00 and 7.30/40. In addition, maturities of 01.09.23, 01.01.24, 01.06.26 and 01.08.26 changed hands at levels of 5.95% to 6.00%, 6.10%, 6.70% and 6.70% to 6.72% respectively as well.

In secondary bills, August 2020 and July 2021 maturities were seen changing hands at levels of 4.70% and 4.92% to 5.10% respectively.

The total secondary market Treasury bond/bill transacted volumes for 27 July was Rs. 22.40 billion.

In money markets, the surplus liquidity remained steady at Rs. 123 billion yesterday as overnight call money and repo averaged 4.52% and 4.55% respectively.

Rupee steady

The USD/LKR rate was seen closing the day steady at Rs. 185.73/78 yesterday against its previous day’s closing of Rs. 185.72/78 on the back of an equilibrium market.

The total USD/LKR traded volume for 27 July was $ 85.94 million.

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