Home / Financial Services/ 364 day bill weighted average remains unchanged

364 day bill weighted average remains unchanged


Comments / {{hitsCtrl.values.hits}} Views / Thursday, 7 February 2019 01:06

Facebook

 



 

  • Secondary bond market rates increase marginally

 

By Wealth Trust Securities

The 364 day bill weighted average was seen holding steady at 10.69% at its weekly Treasury bill auction conducted yesterday following six consecutive weeks of decreases. Similarly, the 182 day bill weighted average remained steady at 9.87%, which was accepted after a lapse of one week. The 91 day bill which was offered after a lap of nine weeks recorded a weighted average yield of 9.55%. The total offered amount of Rs. 24 billion was fully met at the auction despite the bids to offer ratio dipping to a seven week low of 2.40.  

In the secondary bond market, selling interest on the maturities of 01.08.21, 15.12.23, 01.08.26, two 2027s (i.e. 15.01.27 and 15.06.27) and 01.09.28 resulted in its yields hitting intraday highs of 10.86%, 11.03%, 11.19%, 11.28%, 11.30% and 11.32% respectively on the back of moderate volumes changing hands. 

The total secondary market Treasury bond/bill transacted volumes for 5 February was Rs. 9.56 billion. In the money market, the overnight call money and repo rates averaged at 8.99% and 9.00% respectively as the OMO Department of the Central Bank of Sri Lanka was seen injecting an amount of Rs. 30 billion at a weighted average of 9.00%, by way of an overnight reverse repo auction. The net liquidity shortfall in the system increased to Rs. 101.33 billion yesterday.

 

Rupee strengthens    

The USD/LKR rate on spot contracts strengthened yesterday to close the day at levels of Rs. 177.65/80 against its previous day’s closing levels of Rs. 178.25/35 on the back of selling interest by banks. The total USD/LKR traded volume for 5 February 2019 was $141.23 million. Some of the forward USD/LKR rates that prevailed in the market were one month - 178.50/80; three months - 180.40/70 and six months - 183.35/65. 


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Religion is a problem in Sri Lanka; can it be a solution?

Saturday, 17 August 2019

Generally, it is expected that religion should be a solution to a problem. Ironically in Sri Lanka religion is the problem. Therefore, what would be the solution? When religion becomes a problem of a country....


Orthodoxy and change: A perennial Muslim issue

Saturday, 17 August 2019

Whether Muslims live as minorities in non-Muslim countries or as majorities in a total of fifty seven countries, the clash of orthodoxy with modern challenges is a perennial issue that bedevils progress on several fronts in these communities.


Making the MCC Compact work for Sri Lanka

Friday, 16 August 2019

It is a sign of these political times that even an apolitical issue like a foreign aid program becomes a hot topic in Sri Lanka. In April 2019, the Board of Directors of the Millennium Challenge Corporation (MCC) approved a compact program for Sri La


Sri Lanka needs a president hungry for success, not power

Friday, 16 August 2019

The late John F. Kennedy described politics as a “noble adventure, an adventure in which one joins hands with the masses for the service of man”. Not that the Kennedys didn’t play “politricks” in their heyday. But playing “politricks” w


Columnists More

Special Report

SPECIAL REPORT MORE