Activity shrinks in secondary bond markets

Tuesday, 11 October 2016 00:02 - - {{hitsCtrl.values.hits}}

Yields increase once again

The secondary bond market witnessed a considerable decrease in activity yesterday as yields were seen increasing once again.

The 01.08.26 maturity saw its yield increase to a daily high of 11.70% against its opening low of 11.60% while 2018 maturities were seen changing hands at 10.80%.

Given below are the closing, secondary market yields for the most frequently traded maturities.

In money markets, the overnight repo rate decreased marginally to average 8.77% as net liquidity shortfall dipped marginally to Rs. 43.13 billion yesterday. The Open Market Operations (OMO) Department of the Central Bank of Sri Lanka injected an amount of Rs. 43 billion on an overnight basis at a weighted average of 8.49% by way of a reverse repo auction.

Rupee dips marginally

Meanwhile, in Forex markets, the one week as well as spot next contracts were seen dipping marginally to close the day at Rs. 146.25/35 and Rs. 146.10/20 respectively in the absence of active spot contracts.

The total USD/LKR traded volume for 7 October 2016 was $ 58.50 million.

Given below are some forward USD/LKR rates that prevailed in the market,

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.