Friday Sep 13, 2024
Friday Sep 13, 2024
Thursday, 3 July 2014 00:59 - - {{hitsCtrl.values.hits}}
The Treasury bill weighted averages at this week’s Treasury bill primary auction declined across the board with the 91-day and 182-day bill dipping by 1 basis point (bp) each to 6.50% and 6.68% respectively, while the 364-day dipped by 2 bp to 6.97%. Once again, the auction was dominated by the 364-day maturity as it attracted 72.9% of the total accepted amount while the total accepted amount was below the total offered amount for the first time in nine weeks.
The positive momentum in secondary market Treasury bond yields continued yesterday as well with the liquid 1 July 2019 and 1 July 2022 maturities reflecting declines of 11 bp each during the day to intraday lows of 8.28% and 9.28% respectively in comparison to its previous day’s closing levels as volumes traded remained very high once again.
In addition, maturities of 1 April 2018, 15 August 2018 and 1 May 2021 were seen dipping as well to change hands within the range 7.93% to.7.98%, 7.99% to 8.04% and 8.93% to 9.00%. Continued buying pressure on secondary market bills saw the 364-day bill closing the day at levels of 6.89% to 6.93%.
Meanwhile in money markets yesterday, the total surplus of Rs. 1.72 billion was deposited at CBSL’s Standing Deposit Facility Rate (SDFR) of 6.50% as the Central Bank continued to refrain from conducting any auctions under its Open Market Operations (OMO). Overnight call money and repo rates remained steady to average 6.98% and 6.55% respectively.
