New trading week commences on a dull note

• Seven-week high amount offered at the weekly T. Bill auction

 By Wealth Trust Securities 

The secondary bond and bill markets commenced the new trading week on a dull note yesterday as activity was limited only to the 01.06.23 bill maturity at 33.00%.

Today’s weekly Treasury bill auction will have in total an amount of Rs. 90 billion on offer, its highest offered amount in seven weeks. This will consist of Rs. 30 billion each of the 91-day and 182-day maturities and a further Rs. 25 billion of the 364-day maturity. At last week’s auction, weighted average rates on the 91-day and 182-day maturities increased to 32.34% and 30.61% respectively while the weighted average rate on the 364-day maturity decreased to 29.75%. 

The total offered amount of Rs. 85 billion was fully accepted at the auction while its 2nd phase was not on offer.

The total secondary market Treasury bond/bill transacted volume for 7 October 2022 was Rs. 2.57 billion.   

In money markets, the weighted average rate on overnight REPO stood at 15.50% while an amount Rs. 704.27 billion was withdrawn from Central Banks SLFR (Standard Deposit Facility Rate) of 15.50%. The net liquidity deficit stood at Rs. 383.17 billion yesterday as an amount of Rs. 321.10 billion been deposited at Central Banks SDFR (Standard Deposit Facility Rate) of 14.50%.

Forex Market 

In the Forex market, the middle rate for USD/LKR spot contracts remained steady at Rs. 362.90.

The total USD/LKR traded volume for 7 October was $ 12.35 million.  

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