Secondary market bond yields steady as activity dries up

Tuesday, 26 November 2013 00:01 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities Activity in secondary bond markets dried up yesterday as yields remained steady with two way quotes mainly seen on the 1 January 2017 and two liquid five-year maturities (i.e. 15 August 2018 and 1 April 2018) at levels of 10.82/88, 11.10/15 and 11.22/27 respectively. Nevertheless, continued buying interest on secondary market bills saw May 2014 bills change hands within the range of 8.70% to 8.80%, August 2014 within 9.40% to 9.45%, and October 2014 within 9.58% to 9.62%. The overnight call money and repo rates held steady to average 7.75% and 7.04% respectively as surplus liquidity in money market remained high of Rs. 26.90 billion yesterday. The Open Market Operations (OMO) department of Central Bank continued to mop up liquidity on a seven day basis for an amount of Rs. 20.19 billion at a weighted average of 7.46% while a further Rs. 6.71 b was deposited at its widow rate of 6.50%. Rupee remains stable In USD/LKR markets, rupee on all contracts (i.e. cash, tom, spot and spot next) remained at levels of Rs. 131.10/12, Rs. 131.10/13, Rs. 131.10/15 and Rs. 131.23/26 respectively as volume traded moderated. The total USD/LKR traded volume for the previous day (22 November 2013) stood at US$ 67.60 million. Some of the forward dollar rates that prevailed in the market were one month – 131.99; three months -133.63; and six months – 136.03.

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.