Monday May 18, 2026
Monday May 18, 2026
Friday, 8 May 2026 03:58 - - {{hitsCtrl.values.hits}}
By Wealth Trust Securities
The Secondary bond market saw yields decline considerably yesterday, on the back of news that the US and Iran were closing in on a deal to end the war, sparking a relief rally. The news saw Brent crude futures drop below $ 100 per barrel.
This rally reflected the positive sentiment in the local stock market and global financial markets as well. Activity and transaction volumes were seen at robust levels. As a result, secondary Bond market two-way quotes the day firmly lower.
The 01.07.28, 15.10.28 and 15.12.28 maturities traded lower at the rates of 9.65%, down the range of 9.80%-9.75% and 9.78% respectively. The 2029 tenors also rallied strongly with the 15.06.29, 15.09.29 and 15.12.29 maturities trading at the rates of 9.95%-9.90%, 9.90% and 10.05%-9.95% respectively. The 01.03.30 and 01.07.30 maturities traded at the rates of 10.10%-10.05% and 10.15% respectively. The 01.10.32 maturity traded at a low of 10.70%. The 01.11.33 maturity traded at the rate of 11.00% and the 15.06.34 maturity traded down the range of 11.22%-11.20%.
In the money market, the net liquidity surplus was recorded at Rs. 249.98 billion yesterday. An amount of Rs. 169.98 billion was deposited at Central Bank’s SDFR (Standing Deposit Facility Rate) of 7.25%. In addition, the Domestic Operations Department (DOD) of the Central Bank of Sri Lanka drained out an amount of Rs. 80 billion by way of overnight repo auction at a weighted average rate of 7.70%.
Forex market
The USD/LKR rate on spot contracts was seen closing the day at Rs. 321.70/321.80 as against the previous day’s spot closing level of Rs. 320.20/321.00.
The total USD/LKR traded volume for 6 May was $ 25.25 million.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)
