Bond yields remain broadly steady as activity comes to a halt

Friday, 26 July 2019 00:00 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

The secondary bond market yields remained broadly unchanged yesterday as activity moderated considerably. A limited amount of activity was seen on the 15.10.21 and 01.08.24 maturities at levels of 8.90% to 8.95% and 9.91% respectively. In addition, January and July 2020 maturities in the secondary bill market were seen changing hands at level of 7.80% to 7.82% and 8.30% respectively as well.

The total secondary market Treasury bond/bill transacted volumes for 24 July was Rs. 17.99 billion.

In money markets yesterday, the overnight net liquidity surplus increased to Rs. 46.22 billion with overnight call money and repo rates averaging at 7.77% and 7.84% respectively.

Rupee closes

mostly unchanged

In the Forex market, the USD/LKR rate on spot contracts closed the day mostly unchanged at a level of Rs. 176.17/25, subsequent to trading within the range of Rs. 176.05 to Rs. 176.23.

The total USD/LKR traded volume for 25 July was $ 70.34 million.

Some of the forward USD/LKR rates that prevailed in the market were 1 month - 176.70/85, 3 months - 177.90/10 and 6 months - 179.85/05.