Bond market at a standstill
The new trading week commenced on a dull note as activity in the secondary bond market was at a standstill yesterday with a majority of market participants opting to be on the sidelines. A single transaction took place on the 15.01.27 maturity at a level of 11.40%.
The total secondary market Treasury bond/bill transacted volume for 22nd October 2021 was Rs.2.39 billion.
In money markets, the net liquidity deficit stood at Rs.142.68 billion yesterday as an amount of Rs.91.62 billion was deposited at Central Banks SDFR (Standard Deposit Facility Rate) of 5.00% against an amount of Rs.251.01 billion withdrawn from Central Banks SLFR (Standard Deposit Facility Rate) of 6.00%. In addition, the Domestic Operations Department (DOD) of the Central Bank of Sri Lanka was seen draining out amounts of Rs.7.71 billion and Rs.9.00 billion by way of overnight and seven day repo auctions respectively at weighted average rates of 5.98% and 5.99%. The weighted average rates on overnight Call money and REPO remained mostly unchanged at 5.90% and 5.94% respectively.
USD/LKR
The Forex market remained inactive yesterday.
The total USD/LKR traded volume for 22nd October 2021 was US $ 54.00 million.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)