Secondary bond market remains dull

Tuesday, 18 April 2017 00:18 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

The secondary bond market remained extremely dull yesterday, with only the 01.10.22 maturity changing hands at 12.62% in thin volume trades.

Meanwhile in money markets, the Central Bank of Sri Lanka refrained from conducting any auctions under its Open Market Operations (OMO) as net market liquidity stood at a surplus of Rs. 1.08 billion. The overnight call money and repo rates remained steady to average at 8.75% each.

07-2

Rupee dips marginally

In Forex markets, the two weeks forward contracts were seen dipping marginally to close the day at Rs. 153.10/20 yesterday against its previous day’s closing of Rs. 152.80/00 on the back of importer demand.

The total USD/LKR traded volume for 12 April was $ 69.75 million.

Some of the forward USD/LKR rates that prevailed in the market were one month - 153.60/75; three months - 155.60/80 and six months - 159.00/30.

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