Secondary market bond yields remain steady

Friday, 8 November 2013 00:00 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities Secondary market bond yields remained steady yesterday as any further upward pressure on yields was negated as buying interest set in. Activity was witnessed on the liquid two 2018 maturities (i.e. 1 April 2018 and 15 August 2018) within a thin range of 10.98% to 11.00% and 11.07% to 11.09% respectively while the maturity of 1 January 2017 was seen changing hands within the range of 10.70% to 10.75%. Continued buying interest in secondary market bills saw May 2014 bills change hands within the range of 8.90% to 8.95% and the 364-day bill within 9.78% to 9.80%. Overnight surplus liquidity increased to Rs. 23.168 billion yesterday as the Open Market Operations (OMO) department of Central Bank drained out an amount of Rs. 13.83 billion on a seven day basis at a WAvg of 7.46% while a further amount of Rs. 9.338 billion was deposited at its window rate of 6.50%. The overnight call money and repo rates remained steady to average 7.77% and 7.09% respectively

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