Secondary market bond yields steady as activity dries up

Thursday, 30 July 2015 00:00 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

Activity in secondary bond markets dipped considerably, with limited trades consisting of the 01.08.21 and 01.09.23 maturities within a thin range of 8.86% to 8.88% and 9.28% to 9.29%.

Two-way quotes for other bond maturities in the yield curve remained broadly steady when compared with the previous trading day’s closing levels.

In secondary bill markets, the 91 and 182 days bills were quoted at levels of 6.40/48 and 6.42/52 respectively.

Meanwhile, in money markets, overnight call money and repo rates remained steady to average 6.13% and 5.81% respectively, with surplus liquidity standing at Rs. 77.14 billion.

Rupee steady

The USD/LKR rate on spot contracts remained at Rs. 133.60 for a second consecutive day. The total USD/LKR traded volume for the previous day (28-07-15) was $ 24.50 million.

Some of the forward dollar rates that prevailed in the market were one month - 134.20/30; three months - 135.25/40 and six months - 136.50/70.