Saturday Sep 28, 2024
Saturday Sep 28, 2024
Thursday, 3 August 2023 03:01 - - {{hitsCtrl.values.hits}}
By Wealth Trust Securities
The Treasury bill weighted average rates were seen decreasing across board for a second consecutive week at its auctions held yesterday. The decline was 06, 12 and 13 basis points on the 91-day, 182-day and 364-day maturities respectively. The total offered volume of Rs.180 billion was accepted at the 1st phase of the auction.
The phase 2 of the auction will be opened for all 3 maturities at their weighted averages until close of business of the day prior to settlement (i.e., 4.00 pm on 03.08.2023). Given below are the details of the auction. Meanwhile, the secondary bond market saw yields dipping further, especially on the medium tenors. The liquid maturities of 01.06.25, 15.05.26, 15.09.27, 01.05.28 and 15.05.30 changed hands at levels of 15.25%, 14.58% to 14.60%, 14.25% to 14.45%, 13.50% to 13.75% and 13.30% to 13.60% respectively. The total secondary market Treasury bond/bill transacted volume for 31 July 2023 was Rs. 12.48 billion. In money markets, the DOD (Domestic Operations Department) of Central Bank injected liquidity by way of overnight and 7-day reverse repo auctions for a total volume of Rs.150.00 billion at weighted average rates of 11.64% and 12.00% respectively while an amount of Rs.77.20 billion was withdrawn from Central Banks SLFR (Standard Lending Facility Rate) of 12.00%. The net liquidity deficit stood at Rs.206.12 billion yesterday. The weighted average rates on overnight call money and repo were registered at 11.41% and 12.00% respectively.
Forex Market
In the Forex market, the USD/LKR rate on spot contracts traded within the range of Rs.313.00 to Rs.315.00 yesterday before closing the day at Rs.314.50/315.00. The total USD/LKR traded volume for 31 July was US $ 33.75 million.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)
