Home / Financial Services/ 364 day bill weighted average reverses upward trend

364 day bill weighted average reverses upward trend


Comments / {{hitsCtrl.values.hits}} Views / Wednesday, 11 April 2018 00:00


By Wealth Trust Securities

The weighted average at yesterday’s weekly Treasury bills auction on the 364 day maturity was seen dipping to 9.71%, recording a drop of 20 basis points and reversing its upward trend witnessed over the previous two weeks. 

All bids received for the 91 day and 182 day maturities were rejected for a third consecutive week. The total offered amount of Rs. 28 billion was accepted only on the 364 day maturity as its total bids received stood at Rs. 64 billion against its offered amount of Rs. 16 billion. 

Secondary market bond yields were seen increasing in morning hours of trading yesterday mainly on the liquid 15.03.23 and 01.08.24 maturities to intraday highs of 10.07% and 10.20% respectively against its previous day’s closing levels of 10.00/05 and 10.13/20. 

However, buying interest subsequent to the Treasury bill auction outcome saw yields dip once again to close the day flat against its previous day’s closings.

The total secondary market Treasury bond/bill transacted volumes for 9 April 2018 was Rs. 8.04 billion.

In money markets, overnight call money and repo rates averaged 7.87% and 7.95% as the net surplus liquidity in the system stood at Rs. 38.32 billion.

Rupee remains 

mostly unchanged

In the Forex market, the USD/LKR rate on spot contracts were seen closing the day mostly unchanged at Rs. 155.55/65 subsequent to trading within the range of Rs. 155.45-Rs.155.60 yesterday.

The total USD/LKR traded volume for 9 April 2018 was $ 57.95 million.

Some of the forward USD/LKR rates that prevailed in the market were one 

month - 156.25/40; three months - 157.80/95 and six months - 160.00/15.

 


Share This Article


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 Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.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

Laurels of ‘Living Together’: Refreshing reflections

Tuesday, 25 September 2018

It was a memorable evening with a mega gathering for a meaningfully different reason. It was not just another book launch with ego-boosting speeches about the author. It was also not an event where a popular politician coming late and preaching about


The fate of the rupee: Central Bank is caught with ‘Devil’s Alternative’

Tuesday, 25 September 2018

Not all are losing when the rupee depreciates The recent depreciation of the rupee against the US dollar in the market has apparently driven the entire nation to a panic mode. While it had been a field day for the media and opposition law makers, the


Southbound rupee and northbound CoL

Tuesday, 25 September 2018

The Sri Lankan Rupee hit a record low of 170 per $ last week, and the Minister of Finance warns of further depreciation. This is inevitable given the chaotic state of the nation’s economy. While the rupee turns south, CoL (cost of living) has no o


In the desert of Tamil films, actor Sivaji Ganesan was an oasis

Saturday, 22 September 2018

‘Indian Film,’ first published in 1963 and co-authored by former Columbia University Professor Erik Barnouw and his student Dr. Subrahmanyam Krishnaswamy, is considered a seminal study of the evolution and growth of Indian cinema. The book is cit


Columnists More