Positive momentum at the weekly T.Bill auction continues
The total accepted amount at yesterday’s Treasury bill auction was seen increasing further to 93.17% of its total offered amount as its bids to offer ratio increased to a four week high of 1.85:1. An amount of Rs.28.42 billion was taken up by way of subscription on the 91 day maturity, as its weighted average rate was seen increasing by 03 basis points to 5.27%. The weighted average rates on the 182 day and 364 day maturities increased by 03 and 04 basis point respectively to 5.27% and 5.32%. Given below are the details of the auction,
In the secondary bond market, activity remained moderated yesterday with maturities of 2023’s (i.e. 15.01.23, 15.07.23 & 15.12.23) and 01.12.24 changing hands at levels of 5.73% to 5.75%, 6.02%, 6.32% to 6.33% and 6.95% respectively. In secondary market bills, September and November 2021 maturities changed hands at a level of 5.12% and 5.15% respectively, pre-auction.
The total secondary market Treasury bond/bill transacted volume for 10th of August 2021 was Rs.2.86 billion.
In money markets, the weighted average rates on call money and repo averaged 5.01% and 5.06% respectively as an amount of Rs.136.37 billion was deposited at Central Banks SDFR of 4.50%. The net liquidity surplus decreased to Rs.39.53 billion yesterday as an amount of Rs.96.84 billion was withdrawn from Central Banks SLFR of 5.50%.
USD/LKR
In Forex markets, the overall market continued to remain inactive yesterday.
The total USD/LKR traded volume for 10th August 2021 was US $ 16.10 million.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)