Accepted amount at the weekly T-bill auction increases

By Wealth Trust Securities

The total accepted amount at yesterday’s Treasury bill auction increased to 87.06% of the total offered amount, with the weighted average yields remaining unchanged for a second consecutive week at 33.05%, 32.53% and 29.60% on the 91-day, 182-day and 364-day maturities respectively.

In rupee terms, the amount accepted stood at 69.64 billion as against an offered amount of Rs. 80.00 billion, with the bids to offer ratio at 1.75:1. In the meantime, Phase 2 of the auction was opened for 182-day and 364-day maturities, at the weighted average yields.

However, activity in the secondary bond market was at a standstill with market participants continuing to be on the sidelines.

The total secondary market Treasury bond/bill transacted volume for 25 October 2022 was Rs. 2.38 billion.   

In money markets, the net liquidity deficit stood at Rs. 359.17 billion yesterday, with an amount of Rs. 689.93 billion being withdrawn from the Central Bank through its SLFR (Standard Lending Facility Rate) at 15.50%.

Simultaneously, an amount of Rs. 330.76 billion was deposited with the Central Banks through the SDFR (Standard Deposit Facility Rate) at 14.50%. The weighted average rates on overnight REPO registered at 15.50% while No Call money transactions were reported.

Forex Market

In the Forex market, the middle rate for USD/LKR spot contracts appreciated marginally to Rs. 363.30 against its previous day’s level of Rs. 363.38.

The total USD/LKR traded volume for 25 October was $ 90.50 million.  

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