Secondary Bond market yields remain steady

Friday, 7 March 2025 04:49 - - {{hitsCtrl.values.hits}}

Rupee dips marginally

By Wealth Trust Securities

The Secondary Bonds market yesterday saw yields hold broadly steady while market activity and transaction volumes remained at healthy levels. However, specifically the 2028 tenors saw rates move up during the late trading hours.

The yield on the 15.12.26 maturity traded at the rate of 8.75%. The 01.05.27 maturity changed hands within the range of 9.20% to 9.25%. The 15.02.28 maturity was observed trading at the rate of 10.00%. The yield on the 15.10.28 maturity moved up from an intraday low of 10.36%-10.38%. The 15.09.29 traded at the rate of 10.75% to 10.77%. The medium tenor 2030, 2031 and 2033 maturities traded at the rates of 10.90% to 11.00%, 11.32% to 11.37% and 11.44% to 11.48% respectively.

The total secondary market Treasury Bond/Bill transacted volume for 5 March was Rs. 72.57 billion.

In money markets, the weighted average rates on overnight call money and Repo stood at 7.98% and 8.00% respectively.

The net liquidity surplus stood at Rs. 160.97 billion yesterday. Rs. 0.69 billion was withdrawn from the Central Bank’s SLFR (Standing Lending Facility Rate) of 8.50%, while an amount of Rs. 161.66 billion was deposited at Central Bank’s SDFR (Standard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 marginally to Rs. 295.60/295.75 as against Rs. 295.30/295.50 the previous day.

The total USD/LKR traded volume for 5 March was $ 60.48 million.

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

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