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Daily report for the 16th July 2025 – Courtesy Wealth Trust Securities Ltd
- T-Bill Rates Rise at Auction for the 2nd Straight Week
- Secondary Bonds Market Activity Remains Subdued
- Rupee Depreciates
The weighted average yield rates were seen increasing across the board for the second consecutive week at its weekly auction held yesterday. Accordingly, the weighted average rate on the 91-day tenor increased by 02 basis points to 7.62%, the 182-day tenor by 07 basis points to 7.91% and the 364-day tenor by 05 basis point to 8.04%. However, auction was fully subscribed at the 1st phase in competitive bidding, raising the entire Rs 85.00 billion offered. Total bids received exceeded the offered amount by 1.83 times.
The Phase II subscription for the 91-day and 364-day tenors is now open until 3.00 pm of business day prior to settlement date (i.e., 17.07.2025) 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 bond market continued to be moderate. Limited trades were observed on selected maturities.
The 15.12.28 maturity was seen trading at the rate of 9.01%. The 15.10.29 and 15.12.29 maturities traded within the ranges of 9.47%-9.48% and 9.51% respectively. The 15.12.32 maturity changed hands at the rate of 10.46% and the 01.06.33 maturity at the rate of 10.72%. The 01.11.33 maturity was seen trading at the rate of 10.80%.
In money markets, the weighted average rates on overnight call money and Repo stood at 7.76% and 7.78% respectively whiles the net liquidity surplus stood at Rs. 86.50 billion.
Forex Market
In the Forex market, the USD/LKR rate on spot contracts depreciated to close at Rs. 301.40/301.50 as against its previous day’s closing level of Rs. 301.05/301.20.
The total USD/LKR traded volume for 15th July 2025 was US $ 49.80 million.
