Demand at T-bond auctions dip further

By Wealth Trust Securities

The total accepted amount at yesterday’s round of Treasury bond auctions decreased to a low of 59.02% of its total offered amount against 77.43% recorded at its previous round of auctions conducted on 13 December 2022. Only an amount of Rs. 53.12 billion was successfully taken up against its total offered amount of Rs. 90 billion.

The weighted average rate on the 15.05.2026 maturity was registered at 31.36% while phase II of the maturity was opened for subscription at its weighted average rate. All bids received for the 15.01.2025 maturity was rejected.

In the secondary bond market, the 15.05.26 maturity was seen changing hands at levels of 31.40% to 31.42% following the auction outcome while the 15.01.25 maturity was traded at 33.15% to 33.40%.

The total secondary market Treasury bond/bill transacted volume for 28 December 2022 was Rs. 48.21 billion.   

In money markets, the weighted average rates on overnight call money and REPO rates stood at 15.50% each while an amount of Rs. 562.76 billion was withdrawn from Central Banks SLFR (Standard Deposit Facility Rate) of 15.50%. The net liquidity deficit stood at Rs. 223.68 billion yesterday as an amount of Rs. 339.08 billion was deposited at Central Banks SDFR (Standard Deposit Facility Rate) of 14.50%.

Forex Market 

In the Forex market, the middle rate of USD/LKR spot contracts was at Rs. 363.13 when compared against the previous day’s closing level of Rs. 363.1326.

 The total USD/LKR traded volume for 28 December was $ 30.45 million.  

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