Saturday Nov 16, 2024
Saturday Nov 16, 2024
Thursday, 23 June 2016 00:00 - - {{hitsCtrl.values.hits}}
By Wealth Trust Securities
The weekly weighted averages at yesterday’s Treasury bills auction increased for a sixth consecutive week as it successfully attracted Rs.23.9 billion against its total offered amount of Rs.30 billion.
The 91 day bill recorded an increase of two basis points to 8.86% as its accepted amount reached a 16-week high of Rs.12.3 billion while the 182 day succeeded in accepting Rs.10.4 billion with its weighted average increasing by 03 basis points to 9.83%.
The weighted average on the 364 day maturity increased by one basis point to 10.55% as its accepted amount dipped to an eight week low of Rs.1.1 billion.
Nevertheless secondary market bond yields were seen decreasing yesterday with the liquid maturities of 15.10.18, 01.05.20, 15.10.21, 01.01.24 and 01.06.26 hitting intraday lows of 11.35%, 11.75%, 12.00%, 12.50% and 12.60% respectively against its previous day’s closing levels of 11.45/50, 11.75/95, 12.10/20, 12.60/65 and 12.70/80 on the back of renewed buying interest.
Meanwhile in money markets yesterday, overnight call money and repo rates remained mostly unchanged to average 8.18% and 8.03% respectively as the Open Market Operations (OMO) department of Central Bank was seen injecting an amount of Rs.20.00 billion on an overnight basis by way of a reverse repo auction at weighted average rate of 7.97%.
Two-way quote
on rupee narrows
In Forex markets, the USD/LKR rate on the active one week forward closed the day marginally lower at levels of Rs.147.40/60 against its previous day’s closing levels Rs.147.20/70. The total USD/LKR traded volume for 21 June was $ 50.70 million.
Some of the forward USD/LKR rates that prevailed in the market were one month – 148.40/70; three months – 150.00/30; and six months – 151.80/10.
