Secondary bond markets numb ahead of weekly auction

Tuesday, 3 March 2015 00:18 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities Activity in secondary bond markets was at a standstill yesterday ahead of today’s weekly bill auction conducted a day earlier due to a shortened trading week. Today’s auction will see an total amount of Rs. 15 billion on offer consisting of Rs. 3 billion on the 91 day, Rs. 5 billion on the 182 day and Rs. 7 billion on the 364 day maturities. At last week’s auction, weighted averages continued its increasing trend for a fourth consecutive week, with the 91day, 182 day and 364 day maturities reflecting increases of four basis points, six basis points and one basis point respectively to 5.98%, 6.09% and 6.13%. In money markets, the withdrawal of the special standing deposit facility of 5.00% saw overnight call money and repo rates increase yesterday to average 7.00% and 6.70% respectively as the total surplus volume of Rs. 24.46 b was deposited at CBSL’s repo window of 6.50%. Rupee remains steady The USD/LKR rate on spot and spot next contracts continued to remain stagnant at Rs. 132.90/10 and Rs. 132.94/10 yesterday while one week forwards contracts were seen dipping to Rs. 133.55/70. The total USD/LKR traded volume for 27 February was at $ 58.35 million. Some of the forward USD/LKR rates that prevailed in the market were: one month – 134.35; three months – 135.75; and six months – 136.25.

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.