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Daily report for the 27th March 2025- Courtesy Wealth Trust Securities Ltd
Secondary Bond Market Yields Increase
The secondary bond market yields increased yesterday as the liquid 2028 maturities (i.e. 15.02.28, 15.03.28, 01.05.28, 01.07.28, 15.10.28 and 15.12.28) hit intraday highs of 9.90% each, 9.97%, 10.15% and 10.20% respectively against its opening lows of 9.80%, 9.85%, 9.86%, 9.89%, 10.00% and 10.05%. In addition, maturities of 15.09.29, 15.12.29, 15.10.30 and 15.12.32 maturities changed hands at levels of 10.30% to 10.37%, 10.32% to 10.40%, 10.48% and 10.75% to 10.82% respectively as well.
The total secondary market Treasury bond/bill transacted volume for 27th March was Rs. 18.77 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. 152.83 billion yesterday. Rs. 0.20 billion was withdrawn from the Central Banks SLFR (Standing Lending Facility Rate) of 8.50%, while an amount of Rs. 153.03 billion was deposited at Central Banks SDFR (Standard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 at Rs. 296.35/296.45 as against 296.30/296.40 the previous day.
The total USD/LKR traded volume for 26th March was US $ 108.08 million.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)