Short to mid-term yields dip marginally

Friday, 2 July 2021 00:07 - - {{hitsCtrl.values.hits}}

Overnight liquidity dips to over a 14-month low

By Wealth Trust Securities

The steady demand for short to mid-term maturities in the secondary bond market saw its yields dip marginally yesterday. The maturities of 15.12.22 and 2023’s (i.e. 15.07.23, 01.09.23 and 15.11.23) changed hands at levels of 5.65%, 6.03%, 6.13% to 6.15 and 6.25% respectively, while the 01.12.24 changed hands within the range of 6.75% to 6.78% respectively.

The total secondary market Treasury bond/bill transacted volume for 30 June was Rs. 18.43 billion. In money markets, the overnight net liquidity surplus was seen decreasing to over a 14-month low of Rs. 73.26 billion yesterday as an amount of Rs. 84.75 billion was withdrawn from Central Banks SLFR of 5.50% against an amount of Rs. 158.01 billion deposited at Central Banks SLDR of 4.50%. The weighted average rates on overnight call money and repo was registered at 4.92%% and 4.95% respectively.

USD/LKR

In Forex markets, the overall market continued to remain inactive yesterday. The total USD/LKR traded volume for 30 June was US $ 75.50 million.

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