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Daily report for the 21st April 2025 – Courtesy Wealth Trust Securities Ltd
- Secondary Bond Market Yields Broadly Steady
- Rupee Depreciates Further
The secondary bond market yesterday started off the week on a quiet note. Yields traded largely range-bound carrying over the sideways momentum from the previous week. As a result, the market continued to be in a consolidation phase, as market participants adopted a cautious stance amid the absence of strong directional cues. In conclusion yields were seen holding broadly steady. Trading activity and transaction volumes remained muted, with the market experiencing a virtual standstill for most of the day, aside from some sparse trades.
The 01.06.26 and 15.09.27 maturities were seen trading at the rates of 8.75% and 9.72%-9.71% respectively. The 15.03.28 maturity was seen trading at the rate of 10.00%. The 01.07.28 and 15.10.28 maturities were observed changing hands at the rates of 10.11% and 10.27% respectively. The 15.12.32 maturity was seen trading at the rate of 11.15%.
The total secondary market Treasury bond/bill transacted volume for 17th April was Rs. 13.44 billion.
In the money market, the net liquidity surplus increased to Rs. 81.49 billion yesterday. Rs. 7.10 billion was withdrawn from the Central Banks SLFR (Standing Lending Facility Rate) of 8.50%, while an amount of Rs. 88.59 billion was deposited at Central Banks SDFR (Standard Deposit Facility Rate) of 7.50%.
The weighted average rates on call money and repo were registered at 7.99% and 7.98% respectively.
Forex Market
In the Forex market, the USD/LKR rate on spot contracts closed the day depreciating to Rs. 299.25/299.40 as against Rs. 299.00/299.10 the previous day.
The total USD/LKR traded volume for 17th April was US $ 47.60 million.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)