Tuesday Nov 12, 2024
Tuesday Nov 12, 2024
Wednesday, 1 June 2022 00:00 - - {{hitsCtrl.values.hits}}
By Wealth Trust Securities
The Colombo Consumer Price Index (CCPI; Base 2013=100) for the month of May increased sharply to its all-time high of 39.1% on its point to point against its previous month’s figure of 29.8%. The annual
average also increased to its all-time high of 14.2% against 11.3%.
Activity in the secondary bond market moderated yesterday with only the 1 June 2025 maturity changing hands at levels of 21.85% to 21.90%.
Today’s Treasury bill auction will see a total volume of Rs. 83 billion on offer which will consist of Rs. 40 billion on the 91-day maturity, Rs. 23 billion on the 182-day maturity and a further Rs. 20 billion on the 364-day maturity. At last week’s auction, weighted average rates decreased by 42, 47 and 20 basis points on the 91-day, 182-day and 364-day maturities respectively to 23.65%, 24.22% and 24.30%.
The total secondary market Treasury bond/bill transacted volume for 30 May was Rs. 12.06 billion.
In money markets, the net liquidity deficit decreased marginally to Rs. 480.59 billion yesterday from its previous days Rs. 475.50 billion while CBSL holding of G.Sec remained steady at 1,971.46 billion. The weighted average rates on overnight Call money and REPO were at 14.50% each as an amount of Rs. 679.73 billion was withdrawn from Central Banks SLFR (Standard Deposit Facility Rate) of 14.50%. An amount of Rs. 199.14 billion was deposited at Central Banks SDFR (Standard Deposit Facility Rate) of 13.50%.
Forex Market
In the Forex market, the middle rate for USD/LKR spot contracts remained steady at Rs. 360.76 yesterday.
No transactions were reported in the USD/LKR market on 30 May.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)
