Holiday mood in secondary markets sees activity dry up

Monday, 27 May 2013 00:01 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

Activity in secondary bond markets dried up recently ahead of a long weekend and with 23 May been a half day as well. A limited amount of activity was witnessed on the eight-year maturity, at levels of 11.55%, while the 364-day bill was seen changing hands within the range of 10.80% to 10.85%. The liquid two five year maturities (01.04.2018 and 15.08.2018) were seen been quoted at levels of 11.07% to 11.10% and 11.13% to 11.16% respectively.

Overnight liquidity in money markets was at a surplus of Rs. 4.513 billion on Thursday, as call money and Repo rates averaged 9.00% and 8.31% respectively. The Open Market Operations (OMO) department refrained from conducting any form of auctions for a fifth consecutive day.

Rupee remains steady

The USD/LKR rate was seen been traded within a thin range of Rs. 126.25 to Rs. 126.35 on Thursday and closed the day at Rs. 126.30. The total USD/LKR volume for the previous day (21st May 2013) stood at US$ 107.09 million. Given below are some forward Dollar rates that prevailed in the market,

1 month    - 127.25

3 months    - 128.90

6 months   - 131.55

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.