Secondary Bond yields hold steady; activity subdued

Tuesday, 21 April 2026 00:12 -     - {{hitsCtrl.values.hits}}

  • Rupee depreciates 

 

By Wealth Trust Securities 

The secondary Bond market commenced the week with yields holding broadly steady and consolidating.

External drivers remained firmly in focus, with ongoing Middle Eastern tensions and elevated crude oil prices continuing to anchor sentiment. Although oil prices showed some moderation, they remained at elevated levels.

Market activity was subdued, dampened by mixed geopolitical signals and uncertainty surrounding the trajectory of global developments. As a result, investor positioning remained defensive, with participants largely adopting a wait-and-see approach amid the prevailing uncertainty. However, transaction volumes were supported by intermittent block trades.

Accordingly, the 01.08.26 maturity traded at the rate of 8.40%. The 15.03.28 maturity and 01.07.28 maturity traded at the rates of 9.50% and 9.65% respectively. The 15.06.29 maturity traded up the range of 9.92% to 9.97% and the 15.10.29 maturity traded at the rate of 10.00%. The 01.07.30 maturity traded at the rate of 10.16%.

The total secondary market Treasury Bond/Bill transacted volume for 17 April was Rs. 9.50 billion.

In money markets, the net liquidity surplus was recorded at Rs. 112.44 billion yesterday. An amount of Rs 138.44 billion was deposited at Central Bank’s SDFR (Standing Deposit Facility Rate) of 7.25% as against an amount of Rs. 26 billion withdrawn from the Central Bank’s SLFR (Standing Lending Facility Rate) of 8.25%.

The weighted average rates on overnight call money and Repo stood at 7.67% and 7.70% respectively.

Forex market 

The USD/LKR rate on spot contracts was seen closing the day depreciating to Rs. 316.40/316.90 as against the previous day’s closing level of Rs. 316.55/316.70.

The total USD/LKR traded volume for 17 April was $ 56.75 million. 

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

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