Sunday Dec 15, 2024
Sunday Dec 15, 2024
Friday, 20 October 2017 00:00 - - {{hitsCtrl.values.hits}}
By Wealth Trust Securities
The secondary bond market witnessed a day of thin trades yesterday, as yields were seen dipping marginally on the back of buying interest.
The 01.05.20, 01.08.24, 01.08.26 and 15.05.30 maturities saw its yields dip to intraday lows of 9.75%, 10.21%, 10.25% and 10.60% respectively against its previous day’s closing levels of 9.85/95, 10.23/30, 10.28/33 and 10.60/65. Activity along the rest of the yield curve remained rather dull.
The total secondary market Treasury bond/bill transacted volumes for 17 October was Rs.9.4 billion.
In money markets, the overnight call money and repo rates averaged 8.14% and 7.90% respectively as the OMO department of Sri Lanka was seen draining out an amount of Rs.9.00 billion on an overnight basis by way repo auction at a weighted average of 7.25%. The net surplus liquidity in the system increased to Rs.19.16 billion yesterday.
The USD/LKR rate on spot contracts closed the day broadly steady at Rs.153.60/70 yesterday as markets were at equilibrium.
The total USD/LKR traded volume for 17 October was $ 23.11 million.
Some of the forward USD/LKR rates that prevailed in the market were one month – 154.40/50; three months – 156.20/35; and six months – 158.60/70.
