The secondary bond market saw trades taking place within a steady range during the week ending April 23, 2021 as activity picked up towards the latter part of the week.
The maturities of 2022’s (i.e. 15.11.22 and 15.12.22), 15.01.23, 15.03.23, 2023’s (i.e. 15.03.23, 15.07.23, 15.11.23), 2024’s (i.e.15.09.24 and 01.12.24), 15.05.30 and 15.09.34 changed hands at levels of 6.00%, 6.003% to 6.08%, 6.22%, 6.45% to 6.60%, 6.75% to 6.85%, 7.95% and 8.35%. In the Secondary Bill market, July and October maturities were traded at levels of 5.14% to 5.20%.
The total accepted amount at the weekly Treasury Bill auction was seen increasing further for a seventh consecutive week to Rs.36.12 billion while the daily secondary market Treasury Bond and Bill transacted volumes for the first four trading days of the week averaged Rs.11.56 billion.
In money markets, the total outstanding liquidity surplus was seen increasing during the week to a high of Rs.149.00 billion against its previous weeks closing of Rs.80.79 billion while CBSL’s holding of Gov. Security’s decreased further to Rs.893.85 billion against its previous week of Rs.898.28 billion.
The weighted average rates on overnight call money and repo remained mostly unchanged to average 4.65% and 4.67% respectively for the week.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)
Courtesy: Wealth Trust Securities Ltd