The secondary market bond yields increased during the week ending December 24, 2021 to record an upward shift of the yield curve for a second consecutive week. At the weekly Treasury bill auction, the weighted average yield of the market favorite 91-day maturity increased by 47 basis points to 7.71% while the auction went undersubscribed for a second consecutive week. Meanwhile, the NCPI for the month of November increased sharply to 11.1% on its point to point against its previous month of 8.30%. In secondary bills, January and February 2022 maturities were seen hitting highs of 7.60% and 7.70% from its week’s lows of 7.18% and 7.50%. (References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)Courtesy: Wealth Trust Securities Ltd

Source: Sunday Observer December 27, 2021 06:09 UTC