Weekly weighted averages exceed 6.00% for the first time since June 2020
The weekly Treasury bill weighted average yields continued to increase at its auctions held yesterday, with the 91 day and 364 day maturities increasing above the 6.00% for the first time since 17th June 2020. Both maturities recorded an increase of 09 basis points each to 6.01% and 6.05% respectively while all bids received on the 182 day maturity were rejected. However, the auction went undersubscribed for an eight consecutive week as only 48.10% or Rs.30.78 billion was accepted in total against a total offered amount of Rs.64.00 billion. The bids to offer ratio decreased to 1.32:1. Given below are the details of the auction,
Meanwhile in the secondary bond market, limited trades were witnessed on the maturities of 15.01.26, 01.05.29 and 15.05.30 as it changed hands at levels of 9.00%, 9.98% to 10.23% and 9.98% to 10.00% respectively. In secondary bills, a 14th January 2022 bill changed hands at a level of 6.14%.
The total secondary market Treasury bond/bill transacted volume for 07th of September 2021 was Rs.0.95 billion.
In money markets, the weighted average rates on call money and repo remained steady at 5.95% and 5.87% respectively as an amount of Rs.271.29 billion was withdrawn from Central Banks SLFR of 6.00%. The net liquidity deficit increased further to Rs.192.02 billion yesterday with an amount of Rs.79.27 billion been deposited at Central Banks SDFR of 5.00%.
USD/LKR
In the Forex market, the overall market continued to remain inactive yesterday.
The total USD/LKR traded volume for 07th September 2021 was US $ 21.00 million.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)