Market Alert: Bond Yields Rise and Rupee Depreciates Amid Global Oil Surge 📈

The secondary bond market saw yields trend upward as global oil prices remained elevated, with Brent crude surpassing US$ 100 per barrel. Market activity remained subdued as investors adopted a cautious stance due to Middle East unrest and shipping disruptions. • Secondary Bond Market Yields on selected maturities closed higher with limited trading volumes: • 2028: 01.07.28 at 9.25%; 15.12.28 at 9.30% • 2029: 15.12.29 at 9.65% • 2030: 01.03.30 traded between 9.70% – 9.75% • 2031-2034: 15.03.31 at 9.90%; 01.10.32 at 10.30%; 15.09.34 at 10.82% • Total transacted volume (March 13): Rs. 7.93 Bn • Currency & Forex The LKR depreciated further against the US Dollar, closing at Rs. 311.50/311.60 compared to the previous close of Rs. 311.15/311.25. • Total USD/LKR traded volume (March 13): US$ 36.35 Mn • Money Market Liquidity The market recorded a net liquidity surplus of Rs. 245.53 Bn. • The Central Bank (CBSL) drained Rs. 88 Bn via overnight repo at 7.46%. • Rs. 157.53 Bn was deposited at the Standing Deposit Facility Rate (SDFR) of 7.25%. • Weighted average rates: Call Money at 7.59%; Repo at 7.61%. _Data based on provisional market reports from Wealth Trust Securities and CBSL._