Secondary bond market comes to a standstill

Tuesday, 18 October 2016 00:01 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

Activity in the secondary bond market was at a complete standstill yesterday as two-way quotes were hard to find and what was seen were considerably wide quotes. All market participants were seen on the sidelines on an extremely dull day. 05-02

Given below are the closing secondary market yields for the most frequently traded maturities. In the money market, overnight call money and repo rates averaged 8.42% and 8.84% respectively as the Open Market Operations (OMO) Department of the Central Bank injected Rs. 49.00 billion on an overnight basis at a weighted average of 8.49% by way of an overnight reverse repo auction. The net liquidity shortfall stood at Rs. 47.51 billion.

Rupee remains mostly unchanged In Forex markets, the rupee on spot contract remained steady to close the day at Rs. 146.90/00 as activity moderated. The total USD/LKR traded volume for 14 October 2016 was $ 69.75 million. Given below are some forward USD/LKR rates that prevailed in the market,

1 Month - 147.90/10

3 Months - 149.45/55

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