Secondary market bond yields dip marginally in thin trade

By Wealth Trust Securities 

The activity in the secondary market for bonds continued to remain moderate as yields dipped marginally yesterday. 

The three 2021’s (i.e. 01.03.21, 01.05.21 and 15.12.21) and the 15.05.23 maturities saw its yields dip to intraday lows of 10.52%, 10.61% and 10.48% and 10.85% respectively against its previous day’s closings levels of 10.55/75, 10.70/80, 10.55/75 and 10.85/95. The total secondary market Treasury bond/bill transacted volume for 16 August was Rs. 5.75 billion.

In money markets, the Open Market Operations (OMO) Department of the Central Bank of Sri Lanka drained out an amount of Rs. 7.82 billion on an overnight basis at a weighted average of 7.28% as the net surplus liquidity in the system stood at Rs. 8.29 billion yesterday.

Rupee loses 

once again

 The USD/LKR rate on spot contracts was seen losing ground once again yesterday to close the day at Rs. 153.25/30 against its previous day’s closing of Rs. 153.15/22 on the back of continued importer demand.

 The total USD/LKR traded volume for 16 August was $ 57.86 million.