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Daily report for the 02nd June 2025- Courtesy Wealth Trust Securities Ltd
- Secondary Bond Market Yields Consolidate
- Rupee Steady
The secondary bond market kicked off the week with yields trading sideways, fluctuating within a narrow band. As such the market was seen consolidating following the bull run triggered by the policy rate cut announced on May 22nd. Market activity and transaction volumes were observed at subdued levels.
The 15.03.28 maturity traded at the rate of 8.85%. The 01.05.28 ad 01.07.28 maturities were seen transacting at the rates of 8.85% and 8.90%-8.92%. The 15.10.28 maturity traded 8.95%-9.00%. The 15.06.29, 15.09.29 and 15.12.29 maturities were seen trading within the ranges of 9.50%-9.55%, 9.60%-9.62% and 9.55%-9.63%. The 15.12.32 maturity traded between 10.20%-10.30%. The 15.09.34 traded within the range of 10.45%-10.49% and the 15.03.35 maturity between 10.50-10.52%.
The total secondary market Treasury bond/bill transacted volume for 30th May was Rs. 37.20 billion.
In money markets, the weighted average rates on overnight call money and Repo stood at 7.75% and 7.76% respectively.
The net liquidity surplus decreased to Rs. 149.94 billion yesterday. An amount of Rs. 0.05 billion was withdrawn from the Central Banks SLFR (Standing Lending Facility Rate) of 8.25%, while an amount of Rs. 149.99 billion was deposited at Central Banks SDFR (Standard Deposit Facility Rate) of 7.25%.
Forex Market
In the Forex market, the USD/LKR rate on spot contracts closed the day broadly steady at Rs. 299.54/299.59 as against 299.50/299.60 the previous day.
The total USD/LKR traded volume for 30th May was US $ 86.75 million.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)