Secondary market bond yields dip for a second consecutive day

Friday, 9 October 2015 00:00 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities dfu

The secondary bond market witnessed continued buying interest yesterday for a second consecutive day as yields on the liquid maturities of 1 March 2021, 1 August 2021, 1 October 2022, 1 September 2023 and 1 August 2025 were seen hitting intraday lows of 10.00% each, 10.08%, 10.12% and 10.40% respectively against its previous day’s closing levels of 10.05/10 each, 10.10/15, 10.11/20 and 10.40/50. In addition the 15.07.17 maturity was seen changing hands within the range of 8.60% to 8.70% as well.

Meanwhile in secondary market bills, March and August 2016 bills were seen quoted at levels of 6.95/05 and 7.10/25 respectively.

Meanwhile in money markets, overnight call money and repo rates remained mostly unchanged to average 6.36% and 6.50% respectively despite surplus liquidity dipping further to Rs.49.55 billion yesterday.

Rupee remains mostly unchanged

The dollar/rupee rate remained mostly unchanged yesterday to close the day at Rs.140.50/55 in thin trade. The total USD/LKR traded volume for 7 October was $ 91.70 million.

Given are some forward USD/LKR rates that prevailed in the market: one month – 141.05/15; three months – 142.20/30; six months – 143.85/00.

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.