Secondary bond market activity picks up

Friday, 13 September 2013 02:44 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities Secondary market bond activity picked up yesterday following the launch of the NSB dollar bond issue. Once again market activity mainly surrounded the two liquid five-year maturities (i.e. 1 April 2018 and 15 August 2018) as it dipped to intraday lows of 11.95% and 12.00% respectively before closing the day at levels of 11.95/98 and 11.98/00. Furthermore, the two-year maturities were seen changing hands within a range of 11.25% and 11.30%. The 364-day Treasury bills were quoted within the range of 10.55% to 10.65% while January 2014 maturities were quoted in the range of 9.95% -10.05%. The Open Market Operations (OMO) department of Central Bank was seen mopping up an amount of Rs. 5 b on an overnight basis by way of a Repo auction at a WAvg of 7.14% while a further Rs. 0.25 b was mopped up for a period of seven days at a WAvg of 7.94% as well. In addition, an amount of Rs. 7.47 b was seen been deposited at CBSL’s Repo window at 7%. Overnight call money and repo rates remained steady to average 8.56% and 8.07% respectively as surplus liquidity in the money markets decreased marginally to Rs. 12.72 b. Rupee gains for a second consecutive day In Forex markets, the rupee continued to appreciate for a second consecutive day to close the day at 132.15/20 in comparison to the previous days losing of 132.50/60. The total USD/LKR traded volume on 11-09-13 stood at US $ 30.60 million. Some of the forward dollar rates that prevailed in the market were; one month – 133.11; three months – 134.93; and six months – 137.48.

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.