- stocks hunterTop contributor
- Posts : 1280
Join date : 2014-03-16
Secondary market bond yields dip marginally ahead of weekly auction
Selective buying interest saw secondary market bond yields dip marginally yesterday ahead of today’s weekly Treasury bill auction. Activity centered on the two 2018 maturities (i.e. 01.04.2018 & 15.08.2018), the 01st May 2021, the 01st July 2022 and the 01st January 2024 maturities as its yields were seen dipping to intraday lows of 7.13%, 7.15%, 7.60%, 7.92% and 8.13% respectively against its intraday highs of 7.18%, 7.20%, 7.65%, 7.97% and 8.18%. Today’s weekly bill auction will see only the 364 day maturity on offer for a second consecutive week for an amount of Rs 10 billion. At last week’s auction, the weighted average on the 364 day bill remained steady for a second consecutive week as well at 6.00%. Interestingly, the one year bond duration of 01st November 2015 was quoted at levels of 6.12% to 6.15% in secondary markets.
Overnight call money and repo rates remained steady yesterday to average 6.00% and 5.54% respectively as surplus liquidity stood at Rs. 20.20 Bn. The Open Market Operations (OMO) department of Central Bank was seen mopping up an amount of Rs 10.00 b on an overnight basis at a weighted average of 5.63% by way of a repo auction while a further amount of Rs 10.20 b was deposited at its Standing Deposit facility rates of 5.00% and 6.50%.
Rupee dips once again
In Forex markets, the rupee on spot next contracts dipped once again to close the day at Rs.130.95/131.10 against its previous day’s closing of Rs.130.85/95 on the back of importer demand as spot contracts were not traded. The total USD/LKR traded volume for the 27 October 2014 was at US $ 20.10 million.
Some of the forward dollar rates that prevailed in the market were 1 Month – 131.38three months -132.30 and six months -133.35
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- suja
- Posts : 88
Join date : 2014-04-04
Re: Secondary market bond yields dip marginally ahead of weekly auction
- Secondary market bond yields dip marginally ahead of bill auction
- Secondary market bond yields dip ahead of weekly bill auction
- Primary auction rates continue to tumble; secondary market yields follow suit
- Sri Lanka bond yields edge down, rupee marginally weaker
- Secondary Bond Market activity increases as inflation drops