Secondary market bond yields dip further ahead of weekly auction

Tuesday, 24 December 2013 00:01 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities Buying interest saw secondary market bond yields dip further yesterday ahead of today’s weekly Treasury bill auction. At today’s auction, the total offered amount will increase to a 41-week high of Rs. 16 billion which will consist of Rs. 1 billion each on the 91-day and 182-day maturities and Rs. 14 billion on the 364-day maturity respectively. At last week’s auction, weighted averages (WAvgs) on all three maturities declined for a 13th consecutive week to 7.73%, 8.19% and 8.53% respectively. In secondary market trading, the liquid two five-year maturities (i.e. 01.04.2018 & 15.08.18) dominated activity yesterday as its yields dipped by 20 basis points (bp) and 18 bp respectively intraday, to lows of 9.70% and 9.75% against its highs of 9.90% and 9.93%. Furthermore buying interest on secondary market bills saw the 364-day bill changing hands at levels of 8.35%, which was 18 bp lower than its previous week’s WAvg. The overnight call money and repo rates remained steady to average 7.71% and 7.02% respectively as surplus liquidity stood at Rs. 26.81 billion yesterday. The Open Market Operations (OMO) department of Central Bank was seen mopping up an amount of Rs. 9.05 billion on a four-day basis at a WAvg of 7.17% while a further Rs. 17.76 billion was seen been deposited at its window rate of 6.50%. Rupee remains stable In Forex markets, the rupee closed the day mostly unchanged at Rs. 130.70/72 yesterday. The total USD/LKR volume for the previous day (20 December 2013) stood at $ 77.05 million. Some of the forward dollar rates that prevailed in the market were 1-Month: Rs. 131.17; 3-Months: Rs. 132.21 and 6-Months: Rs. 133.91.

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.