Friday Dec 13, 2024
Friday Dec 13, 2024
Tuesday, 7 May 2019 00:37 - - {{hitsCtrl.values.hits}}
By Wealth Trust Securities
The secondary bond market witnessed continued buying interest across the curve yesterday as yields on the liquid maturities of two 2021’s (01.08.21 & 15.12.21), 15.03.22, three 2023’s (15.03.23, 15.07.23, 15.12.23), 15.03.24, 01.08.26, 15.01.27 and 01.05.29 were seen dipping to intraday lows of 10.00%, 10.00%, 10.12%, 10.45%, 10.50%, 10.52%, 10.63%, 10.85%, 10.92% and 11.02% respectively against its previous day’s closing level of 10.00/10, 10.05/12, 10.25/32, 10.50/55, 10.55/65, 10.60/70, 10.72/75, 10.88/92, 10.95/97 and 11.05/08. In addition, activity was witnessed on the two 2019’s (i.e. 01.07.19 and 15.09.19), 01.10.22, 01.08.24, 01.08.25 and 15.06.27 maturities at levels of 9.00% to 9.05%, 10.20% to 10.27%, 10.70%, 10.85% and 10.96% to 10.98% respectively.
The total secondary market Treasury bond/bill transacted volumes for 3 May was Rs. 14.17 billion.
In money markets, the Overnight net liquidity was seen increasing further to record Rs. 79.23 billion yesterday. Overnight call money and repo averaged 8.49% and 8.59% respectively.
Rupee loses
The USD/LKR rate on the spot next contract was seen depreciating further to close the day at Rs. 177.60/80 against its previous weeks closing of Rs. 177.30/50 on the back of continued buying interest by banks. The spot contracts were quoted at Rs. 177.50/70.
The total USD/LKR traded volume for 3 May was $ 150.83 million
Some of the forward USD/LKR rates that prevailed in the market were 1 month - 178.45/75; 3 months -180.20/50 and 6 months - 182.85/15.
