Secondary market bond yields remain broadly steady

Friday, 20 March 2015 00:00 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities The yields in secondary bond markets was seen closing the day broadly steady yesterday with yields on the shorter end of the yield curve holding steady while on the longer

end it was seen dipping. On the shorter end, activity was witnesses on the two 2018 maturities (01.04.2018 & 01.06.2018) within the range of 8.25% to 8.30% and 8.55% to 8.60% while on the medium to longer end of the curve, buying interest saw yields on the 01.08.2021, 01.09.2023, 15.03.2025 and 15.03.2035 dip to intraday lows of 9.05%, 9.45%, 10.00% and 10.90% respectively. In secondary market bills the 91, 182 and 364 day bills were quoted at levels of 6.60/80, 6.65/90 and 6.85/00 respectively. In money markets, overnight call money and repo rates continued to remain steady to average 6.68% and 6.62% respectively as surplus liquidity stood at high of Rs 50.97 billion yesterday. Rupee dips marginally The rupee on the two-week forward contract was seen closing at levels of Rs. 133.85/95 in comparison to its previous day’s closing levels of Rs.133.70/90. The total USD/LKR traded volume for 18 March 2015 was at US $ 45.10 million. Some of the forward USD/LKR rates that prevailed in the market were 1 Month - 134.30; 3 Months - 135.40 and 6 Months - 137.30.

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