Secondary Bond market yields drop further; activity robust

Friday, 21 March 2025 00:12 - - {{hitsCtrl.values.hits}}

Rupee depreciates By Wealth Trust Securities

The Secondary Bond market yesterday rallied with market sentiment being firmly bullish. Aggressive buying interest saw yields pushed lower. Trading activity and transaction volumes were seen at robust levels.

The 15.10.27 maturity was seen trading at the rate of 9.35%. The 15.02.28 maturity traded down the range of 9.70%-9.65%. The 01.07.28 and 15.10.28 maturities were seen trading down the ranges of 9.90%-9.75% and 9.90%-9.85% respectively. The yield on the 15.09.29 and 15.12.29 maturity declined from intraday highs to lows of 10.15%-10.03% and 10.15%-10.05% respectively. The 15.10.30 maturity traded within the range of 10.25%-10.20%. The 01.07.32 and 15.12.32 maturities traded down the ranges of 10.85%-10.70% and 10.90%-10.65% respectively.

The total secondary market Treasury Bond/Bill transacted volume for 19 March was Rs. 58.14 billion. In money markets, the weighted average rates on overnight call money and Repo stood at 7.96% and 7.99% respectively.

The net liquidity surplus stood at Rs. 187.47 billion yesterday. Rs. 8.54 billion was withdrawn from the Central Bank’s SLFR (Standing Lending Facility Rate) of 8.50%, while an amount of

Rs. 178.93 billion was deposited at Central Bank’s SDFR (Standard Deposit Facility Rate) of 7.50%.

Forex Market

In the Forex market, the USD/LKR rate on spot contracts closed the day depreciating to

Rs. 296.45/296.65 as against 296.30/296.40 the previous day.

The total USD/LKR traded volume for 19 March was

$ 81.50 million.

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