51% accepted at the weekly auction

Wednesday, 23 December 2020 00:00 - - {{hitsCtrl.values.hits}}

Bond yields steady
Rupee dips

By Wealth Trust Securities

The total accepted amount at yesterday’s weekly Treasury bill auction was recorded at Rs.20.72 billion or 51.80% of its total offered amount of Rs.40 billion. The weighted averages were in line with its stipulated cut off rates of 4.67%, 4.78% and 5.03% respectively on the 91 day, 182 day and 364 day maturities. The bids to offer ratio stood at 1.40:1.

Activity in the secondary bond market remained moderate yesterday with limited trades seen on the maturities of 15.12.22 and 15.07.23 at 5.74% and 6.00% to 6.02% respectively. In secondary bills, October and December 2021 bills were seen changing hands at 4.87% and 4.92% respectively.

The total secondary market Treasury bond/bill transacted volumes for 21 December was Rs. 2.95 billion.

The overnight surplus liquidity continued to remain high at Rs. 222.35 billion yesterday while call money and repo remained steady to average 4.54% and 4.58% respectively.

Rupee continues to depreciate

The USD/LKR rate on spot next contracts was seen depreciating further yesterday to close the day at Rs. 190.75/50 against its previous day’s closing of Rs.188.80/30 on the back of continued demand by banks.

The total USD/LKR traded volume for 21 December was $ 49.06 million.

(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, money broking companies)

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