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T-bond yields fall ahead of Monetary policy review; CB seen holding rates steady Vote_lcap68%T-bond yields fall ahead of Monetary policy review; CB seen holding rates steady Vote_rcap 68% [ 178 ]
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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » T-bond yields fall ahead of Monetary policy review; CB seen holding rates steady

T-bond yields fall ahead of Monetary policy review; CB seen holding rates steady

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Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

Secondary Treasury bond yields eased on Thursday (09) ahead of today’s release of the Central Bank’s Monetary Policy Review.

The more liquid five year Treasury bond yield dipped to 11.28/30 percent from the previous day’s 11.32/36 percent while the eight year yield fell sharply to 11.65/75 percent from 11.85/90 percent.

The one year bond yield dipped to 11.00/20 percent from 11.10/25 percent.

The rupee closed flat against the US dollar at 126.05/10.

Meanwhile a Reuters survey showed that the Central Bank was expected to keep monetary policy rates steady today (10), with a possibility of easing in June.

"The central bank is expected to keep key monetary policy rates steady for the fifth straight month on Friday, a Reuters poll showed, and analysts predict at least a quarter percentage point cut in June as both the central bank and the country’s treasury secretary have signaled," the report said.
http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=78646

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