Secondary market bond yields dip marginally ahead of bill auction

Tuesday, 4 November 2014 01:46 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities Secondary market Treasury bond yields dipped marginally yesterday on thin volumes, ahead of today’s weekly Treasury bill auction conducted a day ahead due to a shortened trading week. Yields on the two 2018 maturities were seen dipping to intraday lows of 7.00% and 7.05% respectively against its opening highs of 7.08% and 7.15%. In addition, a limited amount of activity was witnessed on the 1 July 2019 and the 1 July 2022 maturities within the range of 7.23% to 7.30% and 7.67% to 7.73% as well. Today’s auction will have on offer the 182 day bill after a lapse of three weeks for an amount of Rs. 3 billion along with the 364 day bill for an amount of Rs. 9 billion against its last week’s total offered amount of Rs. 10 billion. The weighted average on the 364 day bill has remained steady at 6.00% for three consecutive weeks. In money markets, surplus liquidity stood at Rs. 32.27 b yesterday as an amount of Rs.7.00 billion was drained out by way of a four day Repo auction at a weighted average of 5.70%. Overnight call money and repo rates remained steady to average 6.00% and 5.48% respectively. Rupee trades within a narrow band In forex markets, the USD/LKR rate on spot next contracts remained mostly unchanged to close the day at Rs. 130.90/00. The total USD/LKR traded volume for 31 October was at $ 65.00 million. Some of the forward dollar rates that prevailed in the market were: one month – 131.34; three months – 132.28; and six months – 133.33.

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.