Activity remains moderate ahead of weekly T-bill auction
The activity in the secondary bond market remained moderated yesterday with only the 15.01.27 maturity changing hands once again at levels of 11.38% to 11.40%.
This is ahead of today’s bill auction, where in total an amount of Rs.56.5 billion will be on offer, consisting of Rs.15 billion on the 91 day, Rs.17.5 billion on the 182 day and Rs.24 billion on the 364 day maturities. At last week’s auction, weighted average rates on all three maturities increased to 8.39%, 8.16% and 8.17% respectively.
The total secondary market Treasury bond/bill transacted volume for 25th October 2021 was Rs.0.32 billion.
In money markets, the weighted average rates on overnight Call money and REPO remained steady at 5.90% and 5.93% respectively while the Domestic Operations Department (DOD) of the Central Bank of Sri Lanka was seen draining out amounts of Rs.14.49 billion and Rs.8.00 billion by way of overnight and seven day repo auctions respectively at weighted average rates of 5.99% each. The net liquidity deficit increased to Rs.156.18 billion yesterday as an amount of Rs.84.07 billion was deposited at Central Banks SDFR (Standard Deposit Facility Rate) of 5.00% against an amount of Rs.262.73 billion withdrawn from Central Banks SLFR (Standard Deposit Facility Rate) of 6.00%.
USD/LKR
In the Forex market, the USD/LKR rate on spot contracts traded at level of Rs.202.99 to Rs.203.00 yesterday.
The total USD/LKR traded volume for 25th October 2021 was US $ 17.25 million.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)