Secondary Bond market starts new week positively

Tuesday, 6 May 2025 01:47 - - {{hitsCtrl.values.hits}}

Rupee stable

By Wealth Trust Securities

The secondary bond market kicked off the week yesterday with yields declining further, carrying over the positive momentum from the previous week.Trading was predominantly centred on 2028-2031 durations. Trading activity and transaction volumes were seen at healthy levels.

The 01.05.27 maturity traded down from 9.30%-9.25%. The 15.02.28 and 15.03.28 maturities were seen trading at the rate of 9.80% and down the range of 9.92%-9.85%. The 15.10.28 maturity was seen trading at the rate of 9.92%. The 15.12.29 maturity traded within the range of intraday highs and lows of 10.30%-10.26%. The 15.03.31 maturity traded down the range of 10.78% to 10.72%. The 15.12.32 maturity traded at the rate of 10.80%.

The total secondary market Treasury bond/bill transacted volume for 2 May was Rs. 15.26 billion.

In money markets, the weighted average rates on overnight call money and Repo stood at 7.98% and 7.99% respectively.

The net liquidity surplus stood at Rs. 128.52 billion yesterday. No funds were withdrawn from the Central Banks SLFR (Standing Lending Facility Rate) of 8.50%, while an amount of Rs. 128.52 billion was deposited at Central Banks SDFR (Standard Deposit Facility Rate) of 7.50%.

Forex market

In the Forex market, the USD/LKR rate on spot contracts closed the day broadly unchanged at Rs. 299.48/299.50 as against 299.48/299.52 the previous day.

The total USD/LKR traded volume for 2 May was $ 77.85 million.

(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)

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