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Daily report for the 30th July 2025 – Courtesy Wealth Trust Securities Ltd
- T-Bill Rates Remain Unchanged at Weekly Auction; Auction Undersubscribed
- Secondary Bond Market Activity Remains Subdued
- Rupee Steady
The weighted average yield rates at the weekly Treasury Bill auction held yesterday remained broadly stable, for the second consecutive week. Accordingly, the weighted average rate on the 91-day tenor stayed flat at 7.62%, the 182-day tenor remained unchanged at 7.91% and the 364-day tenor was also steady at 8.03%.
However, the auction raised only 71.49% or Rs. 66.13 billion out of the total offered amount of Rs 92.50 billion in successful bids. This marked the second consecutive Treasury Bill auction to go undersubscribed. This was despite total bids received exceeding the offered amount by 2.12 times. Nevertheless, this was a drastic improvement over the last week which only raised 17.90% or Rs. 19.87 billion in successful bids, out of the total offered amount of Rs 111.00 billion.
The Phase II subscription for ISINs LKA18226A306 and LKA36426G315 is now open until 3.00 pm of business day prior to settlement date (i.e., 31.07.2025) at the WAYRs determined for the said ISINs at the auction.
Given below are the details of the auction (Phase 1);
Activity in the secondary government securities market overall remained subdued. A slight pick-up in activity was observed following the announcement of the T-Bill auction results, which saw yields edge down marginally. However, trading continued to be limited to a few selected maturities, with yields closing broadly steady as the slight downward movement was met with selling interest.
The 01.07.28 and 15.10.28 maturities were seen trading at the rates of 8.95% and 9.01%-9.00%. The 15.06.29 and 15.12.29 maturities were seen trading at the rates of 9.43% and 9.55%-9.53%. The 01.07.30 and traded at the rates of 9.73%-9.70%.
In money markets, the weighted average rates on overnight call money and Repo stood at 7.81% and 7.86% respectively. The net liquidity surplus was recorded at Rs. 106.24 billion yesterday.
Forex Market
In the Forex market, the USD/LKR rate on spot contracts to closed broadly steady at Rs. 302.10/302.20 as against its previous day’s closing level of Rs. 302.10/302.25.
The total USD/LKR traded volume for 29th July 2025 was US $ 49.19 million.
