- 100 billion bond auctions in focus
- Secondary market at a standstill
The T-Bond auctions scheduled for today will see in total an amount of Rs.100 billion on offer in lieu of an Rs.85.46 billion maturity due on the 15th of October 2021. The auction will consist of Rs.30 billion each of a 15.12.2023 and 15.01.2027 maturities and a further Rs.40 billion of a 01.10.2032 maturity. The weighted average yields at the bond auctions conducted on 28th September 2021 for the maturities of 15.11.2023 and 15.05.2030 were recorded at 8.12% and 10.23% respectively. The 2nd phase of the auction was opened for the undersubscribed 15.11.2023 maturity while a direct issuance window was opened for the fully subscribed 15.05.2030 maturity.
Meanwhile, the secondary bond market was at a standstill yesterday as market participants continued to be on the sidelines.
The total secondary market Treasury bond/bill transacted volume for 08th October 2021 was Rs.0.51 billion.
In money markets, the net liquidity deficit increased to Rs.43.95 billion yesterday as an amount of Rs.85.58 billion was deposited at Central Banks SDFR (Standard Deposit Facility Rate) of 5.00% against an amount of Rs.129.73 billion withdrawn from Central Banks SLFR (Standard Deposit Facility Rate) of 6.00%. The weighted average rates on overnight Call money and REPO registered at 5.91% and 5.93% respectively while the Domestic Operations Department (DOD) of the Central Bank of Sri Lanka drained out an amount of Rs.0.2 billion by way of a 7 day Repo auction at a weighted average rate of 5.99%.
USD/LKR
The Forex market remained inactive yesterday.
The total USD/LKR traded volume for 08th October 2021 was US $ 60.00 million.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)