Bond yields continue to trickle down

Friday, 5 August 2022 00:00 - - {{hitsCtrl.values.hits}}

The trading in the secondary bond market continued to concentrate on the 3-year maturity of 01.06.25 as its yield was seen hitting a low of 27.65% against its previous day’s closing level of 27.65/70. Meanwhile, continued demand for secondary market bills saw the latest 91 day bill maturity changing hands at levels of 26.20% to 26.25%.

In money markets, the net liquidity deficit stood at Rs. 463.19 billion yesterday as an amount of Rs. 310.45 billion was deposited at Central Banks SDFR (Standard Deposit Facility Rate) of 14.50% against an amount of Rs. 773.64 billion withdrawn from Central Banks SLFR (Standard Deposit Facility Rate) of 15.50%. The weighted average rates on overnight Call money and REPO stood at 15.50% each.

Forex market

In the Forex market, the middle rate for USD/LKR spot contracts remained stable at Rs. 360.9254 yesterday.

The total USD/LKR traded volume for 3 August was $ 27.72 million.

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