Secondary bond market activity remains high

Tuesday, 27 August 2013 00:13 - - {{hitsCtrl.values.hits}}

Activity in secondary bond markets remained robust yesterday mainly on the liquid two five-year maturities (i.e. 1 April 2018 and 15 August 2018) even thou it was seen changing hands with a thin range of 11.75% to 11.77% and 11.78% to 11.80% respectively due to an supply/demand equilibrium environment in markets. Wealth Trust Securities said in addition, a limited amount of activity was witnessed on the two-year maturity at levels of 11.10% and on the three-and-a-half year maturity at 11.50%. In secondary market bills, the 364-day bill was seen been quoted at levels of 11.51/55 while March 2014 bills at 9.95/00. Overnight call money and repo rates edged up marginally yesterday to 8.73% and 8.20% respectively, as no Open Market Operations (OMO) were carried out on a day where liquidity reversed to a surplus of Rs. 3 b against its Friday deficit of Rs. 1.55 b.

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