Bonds market remains dull
The activity in the secondary bond market remained dull during trading on Tuesday as a majority of market participants opted to be on the sidelines. Trades were witnessed on the 15.01.27 and 01.09.28 maturities at 11.13% and 11.58% respectively. Nevertheless, continued demand for Treasury bills saw January and February 2022 maturities changing hands at levels of 7.55% to 7.90% in the secondary market.
The total secondary market Treasury bond/bill transacted volume for 02nd November 2021 was Rs.5.83 billion.
In money markets, the weighted average rates on overnight Call money and REPO remained mostly unchanged at 5.93% and 5.94% respectively while the net liquidity deficit decreased to Rs.165.11 billion on Tuesday. An amount of Rs.82.00 billion was deposited at Central Banks SDFR (Standard Deposit Facility Rate) of 5.00% against an amount of Rs.291.00 billion withdrawn from Central Banks SLFR (Standard Deposit Facility Rate) of 6.00%.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.21.90 billion and Rs.22.00 billion by way of overnight and 7 day repo auctions at weighted average rates of 5.99% each.
USD/LKR
In the Forex market, the USD/LKR rate on spot contracts continued to trade within the range of Rs.202.97 to Rs.203.00 yesterday.
The total USD/LKR traded volume for 02nd November 2021 was US $ 32.40 million.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)