Dull sentiment in bond markets continue

Thursday, 1 April 2021 02:37 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

The dull sentiment in the secondary bond market continued yesterday as well with only the maturities of 01.10.22, 15.11.23 and 01.08.24 changing hands at levels of 5.85%, 6.35% and 6.60% to 6.65% respectively.

In secondary bills, June to July 2021 maturities and the 1 October maturity traded at levels of 4.90% to 5.05% and 5.08% respectively.

The Colombo Consumer Price Index (CCPI) for the month of March 2020 increased further to register 4.1% on its point-to-point against 3.3% recorded in February, while its annual average decreased to 4.00% from 4.1%.

The total secondary market Treasury bond/bill transacted volume for 30 March 2021 was Rs. 5.30 billion.

In money markets, the weighted average rates on call money and repos stood at 4.62% and 4.64% respectively, as an amount of Rs. 167.15 billion was deposited at Central Banks SDFR of 4.50%. However, the net liquidity surplus was registered at Rs. 102.53 billion yesterday as an amount of Rs. 64.63 billion was withdrawn from Central Banks SLFR of 5.50%.

USD/LKR

In the Forex market, the USD/LKR rate on the more active one-week forward contracts were seen closing the day at levels of Rs. 199.75/201.00 yesterday, against its previous day’s closing level of Rs. 199.50/200.50. The total USD/LKR traded volume for 30 March was $ 70.25 million.

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