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Daily report for the 05th June 2025- Courtesy Wealth Trust Securities Ltd
- Secondary Bond Market Yields Close Broadly Steady
- Rupee Appreciates
- Money market liquidity improves
The secondary bond market yesterday initially, saw yields continue to edge down on the back of concentrated buying interest on shorter tenor securities, specifically 2027-2029 maturities. However, slight profit taking pressure emerged which led to a reversal and as such secondary market two-way quotes closed the day broadly steady. Market activity and transaction volumes were seen at healthy levels during the earlier part of the day which tapered off and moderated towards the close of trading hours.
The 01.08.26 and 15.12.26 maturities traded at levels of 7.95% and 8.00% respectively. The 01.05.27 maturity traded down the range of 8.35% to 8.25% while 15.10.27 maturity traded at level of 8.50%. The 15.02.28, 15.03.28, 01.07.28, 15.10.28 and 15.12.28 maturities were seen trading within the ranges of 8.73% to 8.70%, 8.70%, 8.80%-8.72%, 8.85%-8.80% and 8.86% to 8.85% respectively. The 15.12.29 maturity was seen trading within the range of 9.52%-9.48%. The 15.05.30 and 15.10.30 maturities traded at levels of 9.55% and 9.62% to 9.65% respectively. The 15.03.31 maturity traded within the range of 10.00%-9.93%. The 01.11.33 maturity traded within the range of 10.42%-10.40% and the 15.09.34 at 10.45%.
The total secondary market Treasury bond/bill transacted volume for 04th June was Rs. 46.96 billion.
In money markets, the weighted average rates on overnight call money and Repo stood at 7.71% and 7.75% respectively.
The net liquidity surplus increased to Rs. 197.42 billion yesterday. An amount of Rs. 0.14 billion was withdrawn from the Central Banks SLFR (Standing Lending Facility Rate) of 8.50%, while an amount of Rs. 197.55 billion was deposited at Central Banks SDFR (Standard Deposit Facility Rate) of 7.50%.
Forex Market
In the Forex market, the USD/LKR rate on spot contracts closed the day appreciating to Rs. 299.15/299.25 as against 299.32/299.38 the previous day.
The total USD/LKR traded volume for 04th June was US $ 75.70 million.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)