Secondary market yields dip ahead of bond auctions

Tuesday, 21 April 2015 00:54 -     - {{hitsCtrl.values.hits}}

By Wealth Trust Securities In secondary bond markets yesterday, yields were seen dipping marginally across the yield curve on continued buying interest ahead of two Treasury Bond auctions due today. Yields on the liquid maturities of 15 May 2017, 1 June 2018, 15 September 2019, 1 August 2021, 1 September 2023 and 15 March 2025 was seen dipping to intraday lows of 7.42%, 8.16%, 8.33%, 8.80%, 9.25% and 9.58% respectively against its days opening highs of 7.47%, 8.25%, 8.38%, 8.85%, 9.35% and 9.68%. At today’s auction, Rs. 3 billion each will be on offer on a 3.01 year maturity of 1 June 2018 and a 7.02 year maturity of 1 July 2022. The previously concluded bond auction of 15 September 2019 saw all bids been rejected for the first time in five years. Meanwhile, in secondary market bills continued buying interest saw November 2015 maturities change hands within the range of 6.50% to 6.55%. In money markets yesterday, overnight call money and repo rates remained steady to average 6.19% and 6.05% respectively as surplus liquidity stood at a high of Rs. 119.87 billion. Rupee steady in thin trade   Meanwhile in Forex markets yesterday, the USD/LKR rate on one week and two week forward contracts remained steady at Rs. 133.60/70 and Rs. 133.85/95 in thin trade. The total USD/LKR traded volume for 17 April was at $ 12 million. Some of the forward dollar rates that prevailed in the market were: one month – 134.20; three months – 135.20; and six months – 136.75.

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.

COMMENTS

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.