- Rs 64 billion on offer at weekly auction
- Bond market frozen
The Treasury bill auction conducted today will have on offer a total amount of Rs.64 billion, consisting of Rs.18 billion on the 91 day, Rs.22 billion on the 182 day and Rs.24 billion on the 364 day maturities. The stipulated cut off rate on the 364 day maturity was increased by 08 basis points to 6.05%, exceeding Central Banks Standard Lending Facility Rate (SLFR) for the first time since 24th June 2020. The maximum yield rates for the 91 day and 182 day maturities will be decided below the level of the 364 day maturity at the auction. At last week’s auction, weighted average rates on all three maturities increased to 5.92%, 5.95% and 5.96% respectively.
Meanwhile, the secondary bond market was frozen yesterday with no two way quotes witnessed.
The total secondary market Treasury bond/bill transacted volume for 06th of September 2021 was Rs.1.33 billion.
In money markets, the net liquidity deficit increased marginally to Rs.185.84 billion yesterday with an amount of Rs.83.82 billion been deposited at Central Banks SDFR of 5.00% against an amount of Rs.269.65 billion withdrawn from Central Banks SLFR of 6.00%. The weighted average rates on call money and repo stood at 5.95% and 5.87% respectively.
USD/LKR
In the Forex market, the overall market continued to remain inactive yesterday.
The total USD/LKR traded volume for 06th September 2021 was US $ 17.05 million.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)