Click here to view the article
Daily report for the 20th March 2025- Courtesy Wealth Trust Securities Ltd
- Secondary Bond Market Yields Drop Further; Activity Robust
- Rupee Depreciates
The secondary bond market yesterday rallied with market sentiment being firmly bullish. Aggressive buying interest saw yields pushed lower. Trading activity and transaction volumes were seen at robust levels.
The 15.10.27 maturity was seen trading at the rate of 9.35%. The 15.02.28 maturity traded down the range of 9.70%-9.65%. The 01.07.28 and 15.10.28 maturities were seen trading down the ranges of 9.90%-9.75% and 9.90%-9.85% respectively. The yield on the 15.09.29 and 15.12.29 maturity declined from intraday highs to lows of 10.15%-10.03% and 10.15%-10.05% respectively. The 15.10.30 maturity traded within the range of 10.25%-10.20%. The 01.07.32 and 15.12.32 maturities traded down the ranges of 10.85%-10.70% and 10.90%-10.65% respectively.
The total secondary market Treasury bond/bill transacted volume for 19th March was Rs. 58.14 billion.
In money markets, the weighted average rates on overnight call money and Repo stood at 7.96% and 7.99% respectively.
The net liquidity surplus stood at Rs. 187.47 billion yesterday. Rs. 8.54 billion was withdrawn from the Central Banks SLFR (Standing Lending Facility Rate) of 8.50%, while an amount of Rs. 178.93 billion was deposited at Central Banks SDFR (Standard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 depreciating to Rs. 296.45/296.65 as against 296.30/296.40 the previous day.
The total USD/LKR traded volume for 19th March was US $ 81.50 million.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)
