Secondary market yields steady as activity dries up

Tuesday, 16 June 2015 00:04 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

Activity in secondary bond markets dried up yesterday with a limited amount of trades seen on the 15 September 2019 and the 1 July 2022 maturities at levels of 7.97% to 7.99% and 8.54% to 8.56% respectively. Yields on the rest of the yield curve were seen closing 13-02 the day broadly steady against its previous trading day’s closings levels.

Meanwhile in money markets yesterday, overnight call money and repo rates remained steady to average at 6.10% and 5.79% respectively as surplus liquidity stood at Rs. 84.07 billion.

Rupee remains steady

The USD/LKR rate on spot contracts remained steady at Rs. 134.00 yesterday while the three month forward contract stood at Rs.135.60/90 as volumes traded remained moderate. The total USD/LKR traded volume on 12 June stood at $ 54.40 million.

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