Saturday Dec 14, 2024
Saturday Dec 14, 2024
Friday, 14 July 2017 00:00 - - {{hitsCtrl.values.hits}}
By Wealth Trust Securities
The secondary bond market yields were seen continuing its declining trend to record over a nine-month low across the yield curve.
Activity centred mainly on the 2021 maturities (01.03.21, 01.05.21, 01.08.21, 15.12.21) as its yields were seen hitting lows within the range of 10.97% to 11.00% against its opening high range of 11.00% to 11.06%.
In addition, the 15.05.23, 01.08.24 and 01.08.26 maturities were seen changing hands within the range of 11.14% to 11.20%, 11.18% to 11.20% and 11.23% to 11.26% respectively as well. On the short end of the curve, 2018 and the 15.01.2019 maturities changed hands at 10.35%.
The total secondary market Treasury bond transacted volume for 12 July 2017 was Rs. 17.86 billion.
Meanwhile, in money markets, the Open Market Operations Department of the Central Bank of Sri Lanka injected an amount of Rs. 11 billion on an overnight basis by way of a reverse repo auction at a weighted average of 8.75% as the net liquidity shortage in the system stood at Rs. 7.34 billion yesterday. The overnight call money and repo rates averaged 8.75% and 8.79% respectively.
In the Forex market, the USD/LKR rate on spot contracts were seen appreciating marginally to close the day at Rs. 153.65/70 against its previous day’s closing levels of Rs. 153.71/74 on the back of dollar selling interest by banks and export conversions.
The total USD/LKR traded volume for 12 July 2017 was $ 126.00 million.
Some of the forward USD/LKR rates that prevailed in the market were one month - 154.65/75; three months - 156.70/80 and six months - 159.60/70.
