Bond yields mostly unchanged as activity moderates

By Wealth Trust Securities

The fresh trading week commenced on a slow note as activity in the secondary bond market moderated considerably yesterday. Limited trades were seen on the maturities of 15.12.23, two 2024’s (i.e. 15.06.24 & 15.09.24), 01.06.26 and 15.01.27 at levels of 9.67% to 9.78%, 9.94% to 9.97%, 10.25% and 10.35% respectively.

The total secondary market Treasury bond/bill transacted volume for 18 October was Rs. 4.55 billion. 

Meanwhile in money markets, the overnight call money and repo rates averaged 7.57% and 7.60% respectively as the Open Market Operations (OMO) Department of Central Bank injected an amount of Rs. 14.30 billion by way of an overnight Reverse repo auction at a weighted average rate of 7.55%. The overnight net liquidity surplus in the system increased further to Rs. 18.41 billion yesterday.

Rupee appreciates marginally

In the Forex market, the Rupee on its spot contracts were seen appreciating marginally yesterday to close the day at Rs. 181.70/80 against its Friday’s closing level of Rs. 181.95/10.

The total USD/LKR traded volume for 18 October was $ 76.27 million.

Some forward USD/LKR rates that prevailed in the market were: one month – 182.35/55; three months – 183.55/65; six months – 185.35/65.