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Daily report for the 06th March 2025- Courtesy Wealth Trust Securities Ltd
- Secondary Bond Market Yields Remain steady
- Rupee Dips Marginally
The secondary bonds market yesterday saw yields hold broadly steady while market activity and transaction volumes remained at healthy levels. However, specifically the 2028 tenors saw rates move up during the late trading hours.
The yield on the 15.12.26 maturity traded at the rate of 8.75%. The 01.05.27 maturity changed hands within the range of 9.20% to 9.25%. The 15.02.28 maturity was observed trading at the rate of 10.00%. The yield on the 15.10.28 maturity moved up from an intraday low of 10.36%-10.38%. The 15.09.29 traded at the rate of 10.75% to 10.77%. The medium tenor 2030, 2031 and 2033 maturities traded at the rates of 10.90% to 11.00%, 11.32% to 11.37% and 11.44% to 11.48% respectively.
The total secondary market Treasury bond/bill transacted volume for 05th March was Rs. 72.57 billion.
In money markets, the weighted average rates on overnight call money and Repo stood at 7.98% and 8.00% respectively.
The net liquidity surplus stood at Rs. 160.97 billion yesterday. Rs. 0.69 billion was withdrawn from the Central Banks SLFR (Standing Lending Facility Rate) of 8.50%, while an amount of Rs. 161.66 billion was deposited at Central Banks SDFR (Standard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 marginally to Rs. 295.60/295.75 as against 295.30/295.50 the previous day.
The total USD/LKR traded volume for 05th March was US $ 60.48 million.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)