Secondary market bond yields dip marginally

Tuesday, 1 October 2013 00:40 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities Activity in secondary bill and bond markets continued to remain high yesterday as yields dipped marginally with inflation for the month of September reflecting a deceleration on its point to point and annualised average to 6.2% and 7.80% respectively against its previous month’s figures of 6.30% and 8.0%. Activity was mainly seen on the liquid five-year maturity (i.e. 1 April 2018) as it was seen hitting a daily and a one month low of 11.68% once again to close the day at 11.68/70 against its last week’s closing levels of 11.71/75. In secondary bill markets, continued demand saw January to February 2014 bills change hands within the range of 9.05% to 9.35%; May 2014 being within the range of 9.90% to 10.00% and August 2014 within the range of 10.38% to 10.42% while the latest 364-day bill change hands at levels of 10.51%. Meanwhile in money markets, overnight call money and repo rates remained a steady to average 8.44% and 8.02% respectively. The Central Bank continued to refrain from conducting any overnight repo auctions under its Open Market Operations (OMO) as it drained out Rs. 3 billion for a period of seven days at a weighted average rate of 7.95%. In addition, its effort to drain out a further Rs. 5 billion by way of outright sales of Treasury bills for a period of 31 days was unsuccessful with the auction been rejected. Rupee remained steady The USD/LKR rate remained steady to close the day at Rs. 132.00/05 yesterday on the back of thin volumes. The total USD/LKR traded volume for the previous day (30 September 2013) stood at $ 29.05 million. Some of the forward dollar rates that prevailed in the market were 1-Month: Rs. 132.95, 3-Months: Rs. 134.48 and 6-Months: Rs. 137.13.

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.