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Daily report for the 05th May 2025- Courtesy Wealth Trust Securities Ltd
- Bond Market Starts the week Positively
- Rupee Stable
The secondary bond market yesterday kicked off the week with yields declining further, carrying over the positive momentum from the previous week. Trading was predominantly centered on 2028-2031 durations. Trading activity and transaction volumes were seen at healthy levels.
The 01.05.27 maturity traded down from 9.30%-9.25%. The 15.02.28 and 15.03.28 maturities were seen trading at the rate of 9.80% and down the range of 9.92%-9.85%. The 15.10.28 maturity was seen trading at the rate of 9.92%. The 15.12.29 maturity traded within the range of intraday highs and lows of 10.30%-10.26%. The 15.03.31 maturity traded down the range of 10.78% to 10.72%. The 15.12.32 maturity traded at the rate of 10.80%.
The total secondary market Treasury bond/bill transacted volume for 02nd May was Rs. 15.26 billion.
In money markets, the weighted average rates on overnight call money and Repo stood at 7.98% and 7.99% respectively.
The net liquidity surplus stood at Rs. 128.52 billion yesterday. No funds were withdrawn from the Central Banks SLFR (Standing Lending Facility Rate) of 8.50%, while an amount of Rs. 128.52 billion was deposited at Central Banks SDFR (Standard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 broadly unchanged at Rs. 299.48/299.50 as against 299.48/299.52 the previous day.
The total USD/LKR traded volume for 02nd May was US $ 77.85 million.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)
