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Thursday, 13 August 2020 01:41 - - {{hitsCtrl.values.hits}}
By Wealth Trust Securities
The total offered amount of Rs. 36.5 billion was fully accepted for the first-time in three weeks at the weekly Treasury bill auction held yesterday with weighted averages on the 91 day and 364 day maturities decreasing by 02 and 01 basis points respectively to 4.65% and 4.93%.
The weighted average rate on the 182 day bill remained steady at 4.76%. The bids to offer ratio increased to 1.79:1.
The downward trend in secondary bond market yields continued yesterday as well, with yields of the 2022s (i.e. 15.11.22 & 15.12.22), 2023s (i.e. 15.01.23 & 01.09.23), 15.09.24 and 01.05.25 decreasing further to intraday lows of 5.70%, 5.69%, 5.75%, 5.93%, 6.18% and 6.37% respectively against its previous day’s closing levels of 5.70/78, 5.75/80, 5.78/85, 5.95/05, 6.15/22 and 6.40/47.
Furthermore, the 15.12.21, 15.03.23, 15.06.24, 01.06.26, 15.08.27 and 15.05.30 maturities were also seen changing hands at levels of 5.20%, 5.85%, 6.15%, 6.70%, 6.97% to 7.05% and 7.30% respectively. Meanwhile in the secondary bill market, January and March 2021 maturities traded at levels of 4.74% to 4.84% and 4.82% to 4.85% respectively.
The total secondary market Treasury bond/bill transacted volumes for 11 August was Rs. 10.70 billion. In money markets, weighted average rates on overnight call money and repo remained mostly unchanged at 4.53% and 4.55% respectively as the overnight surplus liquidity in the system stood at a high of Rs. 179.97 billion yesterday.
LKR continues to strengthen: breaches Rs. 183
The USD/LKR rate on spot contracts was seen appreciating sharply yesterday on the back of continued selling interest by banks to close the day at Rs. 182.90/05 against its previous day’s closing levels of Rs. 184.05/15.
The total USD/LKR traded volume for 11 August was $ 91.50 million.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)
