Secondary bond market yields remain mostly unchanged

Tuesday, 4 December 2018 01:09 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

The secondary bond market yields remained mostly unchanged yesterday with the liquid maturities of 15.12.21, two 2023’s (i.e.15.02.3 and 15.05.23), 01.08.26, 15.06.27 and 01.09.28 changing hands at levels of 11.75%, 11.88% to 11.95%, 12.16% to 12.25%, 12.20% to 12.25% and 12.28%, respectively, supported by continued local buying interest over foreign selling interest.

The total secondary market Treasury bond/bill transacted volumes for 30 November was Rs. 17.16 billion.

In the money market, overnight call money and repo rates averaged 8.94% and 8.93%, respectively, as the OMO Department of the Central Bank, infused liquidity for durations of overnight to seven days for amounts of Rs. 30.76 billion and Rs. 10 billion at weighted average yields of 8.54% and 8.51%, respectively. The overnight net liquidity shortfall decreased to Rs. 60.37 billion yesterday.

Rupee appreciates further

The USD/LKR rate on spot contracts was seen appreciating further yesterday to close the day at Rs. 178.60/75 against its previous day’s closing levels of Rs. 178.90/10 on the back of continued selling interest by banks.

The total USD/LKR traded volume for 30 November was $ 50.23 million.

Some of the forward USD/LKR rates that prevailed in the market were 1 month – 179.65/15, 3 months – 181.65/15, and 6 months – 184.60/10.