Secondary market bond yields edge up in moderate trade

Friday, 13 November 2015 00:00 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

The yields in secondary market bonds were seen increasing yesterday on the back of selling interest, mainly on the belly end of the yield curve.

Yields on the liquid maturities of 15 September 2019, 1 May 2020, 1 August 2021, 1 July 2022 and 1 September 2023 was seen hitting intraday highs 8.55%, 8.78%, 8.90%, 9.20% and 9.10% respectively against its days opening lows of 8.50%, 8.65%, 8.82% and 9.05% each.

In addition, a limited amount of activity was witnessed on the 01.01.24 maturity within the range of 9.30% to 9.40% while on the short end of the curve, early 2017 maturities were seen changing hands within the range of 7.10% to 7.20%.

However, continued buying interest in secondary market bills saw yields drop with durations centering the 182 day and 364 day maturities continuing to change hands within the range of 6.40% to 6.45% and 6.85% to 6.95% respectively.

In money markets, liquidity remained high at Rs. 106.64 billion yesterday as overnight call money and repo rates remained steady to average 6.31% and 6.08% respectively.

Rupee depreciates once gain

The dollar/rupee rate on spot contracts depreciated once again yesterday to close the day at Rs. 142.00/10 in comparison to its previous day’s closing levels of Rs. 141.95/00 on the back of importer demand.

The total USD/LKR traded volume for 11 November was $ 77.25 million. Some of the forward USD/LKR rates that prevailed in the market were: one month – 142.35/50; three months – 143.25/35; and six months – 144.65/75.

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.