Secondary Bond yields hold steady

Tuesday, 7 April 2026 07:17 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

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

External drivers remained firmly in focus, with ongoing Middle Eastern tensions and elevated Brent crude oil prices continuing to anchor sentiment. Although oil prices showed some moderation from the highs seen earlier, they remained at elevated levels. As a result, investor positioning remained defensive, with participants largely adopting a wait-and-see approach.

Accordingly, 01.05.27 maturity traded at the rate of 8.70%. The 15.06.29 and 15.09.29 maturities traded down the ranges of 9.90%-9.85% and 9.90%-9.82% respectively. The 01.03.30 maturity traded within the range of 10.00%-9.95%. The 01.06.33 and 01.11.33 maturities were seen changing hands at the rates of 11.05% and 11.00% respectively. The 15.06.34 and 15.09.34 maturities were seen trading at the rates of 11.135%-11.12% and 11.12% to 11.08% respectively. The 15.06.35 maturity traded at the rate of 11.00%.

The total secondary market Treasury Bond/Bill transacted volume for 2 April was Rs. 11.89 billion.

In money markets, the net liquidity surplus was recorded at Rs. 231.84 billion yesterday. The Domestic Operations Department (DOD) of the Central Bank of Sri Lanka was seen draining out an amount of Rs. 50.00 billion by way of overnight repo auction at a weighted average rate of 7.58% while an amount of Rs 181.84 billion was deposited at Central Bank’s SDFR (Standing Deposit Facility Rate) of 7.25%.

The weighted average rates on overnight call money and Repo stood at 7.63% and 7.66% respectively.

Forex market

The USD/LKR rate on spot contracts was seen closing the day broadly steady at Rs. 315.40/315.50 as against the previous day’s closing level of

Rs. 315.35/315.40. The total USD/LKR traded volume for 2 April was $ 79.00 million.

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