Secondary market bond yields dip ahead of first Treasury bond auction for 2014

Friday, 10 January 2014 00:00 -     - {{hitsCtrl.values.hits}}

By Wealth Trust Securities The secondary market Treasury bond yields continued to dip yesterday, as yields of the liquid two 2018 maturities (i.e. 01.04.2018 and 15.08.2018) and the 01.07.2019 maturity were seen hitting intraday lows of 8.62%, 8.75% and 8.80% respectively against its days opening highs of 8.70%, 8.80% and 8.95% ahead of today’s Treasury bond auction, the first for the year and the first in two months. At today’s auction, a total amount of Rs.5 billion will be on offer which will consist of Rs.2.0 Bn, and Rs.3.0 Bn on the 01.07.2019 and 01.01.2029 maturities respectively which pay semiannual coupons of 10.60% and 13.00%. Meanwhile in secondary bill markets, the 364 day bill was quoted at levels of 7.30% to 7.40% while the 182 day bill was at levels of 7.00% to 7.10%. Meanwhile in money markets, the Open Market Operations (OMO) department of central bank was seen mopping up liquidity for the first time in three days yesterday as it carried out three medium term repo auctions, totaling Rs.28 Bn yesterday for durations of 34 days, 63 days and 77 days at weighted averages of 6.82%, 6.82% and 6.85% respectively, value dated today. Overnight call money and Repo rates were seen averaging 7.36% and 6.82% respectively as surplus liquidity was at Rs 62 Bn yesterday.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.

COMMENTS

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.