Friday, 20 February 2015 00:00
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By Wealth Trust Securities
The upward trend in secondary market bond yields continued for a second consecutive trading day yesterday, mainly led by the two-year maturity of 15 May 2017, the three year maturity of 1 April 2018 and the seven-year maturity of 1 July 2022 as its yields were seen hitting intraday highs of 7.11%, 7.30%, 7.85% respectively against its previous day’s closing levels of 7.06/10, 7.20/24 and 7.76/82.
In secondary market bills, July and November 2015 bills were quoted at levels of 6.05/10 and 6.10/20 respectively.
In money markets, the overnight call money and repo rates remained mostly unchanged to average 6.03% and 5.67% respectively as the Open Market Operations (OMO) department of Central Bank refrained from conducting any auctions once again. Surplus liquidity in money markets on an overnight basis stood at Rs. 16.99 billion.
Rupee dips marginally
A change in the placement rate of spot and spot next contracts to Rs. 132.90 and Rs. 132.92 respectively against its previous levels of Rs. 132.80 and Rs. 132.82 saw the rupee dip marginally yesterday as activity continued to be very dull. The total USD/LKR traded volume for 18 February was at $ 42.25 million. Some of the forward USD/LKR rates that prevailed in the market were: one month – 133.65; three months – 134.60; and six months – 136.
