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Daily report for the 27th January 2025 – Courtesy Wealth Trust Securities Ltd
- Secondary Bond Market Yields Hold Steady; Activity Moderate
- Rupee Depreciates
The secondary bond market began the new trading week with yields holding broadly steady and moderate activity and transaction volumes.
The 01.05.27 and 15.09.27 maturities were seen trading within the range of 9.70%-9.75% and 9.85% respectively. The 15.02.28 and 15.03.28 maturities were seen trading at the rates of 10.15% and 10.18%-10.19% respectively. The 15.09.29 maturity saw rates move up the range of 10.85%-10.92%. The 15.10.30 maturity was seen trading within the range of 11.32%-11.35%. The 15.03.31 maturity saw trades within the range 11.35%-11.42%.
The total secondary market Treasury bond/bill transacted volume for 24th January was Rs. 6.22 billion.
In money markets, the weighted average rates on overnight call money and Repo stood at 8.00% and 8.06% respectively.
The net liquidity surplus stood at Rs. 169.55 billion yesterday. Rs. 4.56 billion was withdrawn from the Central Banks SLFR (Standing Lending Facility Rate) of 8.50%, while an amount of Rs. 174.10 billion was deposited at the Central Banks SDFR (Standard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. 298.50/298.60 against its previous day’s closing level of Rs. 298.15/298.40.
The total USD/LKR traded volume for 24th December was US $ 53.00 million.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)
