Volatility in secondary bond markets continue

Friday, 30 August 2013 02:44 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities The volatility in secondary bond markets continued yesterday as well as volumes traded remained high. Once again the focus was mainly on the liquid two five year maturities (i.e. 01.04.2018 and 15.08.18) as it was seen closing the day at levels of 11.87/90 and 11.88/95 respectively subsequent to hitting an intraday low of 11.84% and 11.88% against its days opening high of 11.92% and 11.98%. In addition, activity was witnessed on two year maturities within the range of 11.25% to 11.30%, on the three and a half year maturity within the range of 11.45% to 11.50% and four year maturities within the range of 11.55% to 11.65%. In secondary bill markets, durations centering the 364 day bill continued to be quoted high at levels of 10.60% to 10.70%. Furthermore, market participants were seen eagerly awaiting Inflation figures for the month of August due today. Inflation for the month of July decelerated to a 15 month low of 6.10% on its point to point while the annualized average dipped as well to a six month low of 8.30%. Overnight call money and repo rates remained mostly unchanged yesterday to average 8.72% and 8.24% respectively as liquidity stood at a net surplus of Rs 5.13 Bn. The Open market Operations (OMO) department of Central Bank was seen mopping up an amount of Rs 2 Bn on an overnight basis by way of a Repo auction at a WAvg of 7.34% while a further Rs 0.30 Bn was mopped up for 7 days at a WAvg of 7.95% as well. In addition, a further amount of Rs 3.16 Bn was seen been deposited at CBSL’s Repo window of 7.00% while Rs 0.33 Bn was accessed from its discount window of 9.00%

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.