Bond yields broadly steady in thin range trading

Friday, 26 April 2019 00:00 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

The secondary market bond yields were seen closing the day broadly steady yesterday subsequent to trading within a narrow range.

Activity was witnessed across the yield curve, consisting of the maturities of three 2021’s (i.e. 01.03.21, 01.08.21 and 15.12.21), 15.03.22, 15.03.23, 15.03.24, two 2027’s (i.e. 15.01.27 and 15.06.27), 01.09.28 and 01.05.29 at levels of 10.25% to 10.40%, 10.50%, 10.74% to 10.78%, 10.90%, 11.10% to 11.18%, 11.20% and 11.22% to 11.25% respectively

The total secondary market Treasury bond/bill transacted volumes for 24 April was Rs.5.12 billion. Meanwhile in money markets, the overnight call money and repo rates remained mostly unchanged yesterday as the OMO department of Sri Lanka was seen injecting amounts of Rs.0.65 billion and Rs.10.00 billion by way of an overnight and 14 day reverse repo auction at weighted averages of 8.52% and 8.58% respectively.

Rupee loses marginally

The USD/LKR rate on its spot contract lost its value further yesterday to close at Rs.175.00/50 against its previous day’s closing levels of Rs.174.90/30 on the back of continued buying interest by Banks.

The total USD/LKR traded volume for 24 April was $ 40.08 million

Given are some forward USD/LKR rates that prevailed in the market: one month – 176.00/50; three months – 178.00/50; six months – 181.00/50.

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.