Home / Financial Services/ Benchmark 364-day bill yield decreases further

Benchmark 364-day bill yield decreases further


Comments / {{hitsCtrl.values.hits}} Views / Wednesday, 13 June 2018 00:07


By Wealth Trust Securities

The weighted average yields at yesterday’s weekly Treasury bill auction continued their decreasing trend for the third consecutive week, driven by high demand. 

The total offered amount of Rs. 12 billion was successfully accepted with significant demand shown on the 364-day maturity, with its yield declining by five basis points to 9.44%. The yields of the 182-day and 91-day maturities remained unchanged at 8.87% and 8.34% respectively.

In the secondary bond market, the shorter maturities of 01.07.19, 15.09.19, 01.03.21, 15.3.23 and 01.09.28 were seen changing hands at levels of 9.93% to 9.95% and 10.45% and 10.67% to 10.70% respectively, while in the secondary bill market, 18 August, 18 October, February and April 2019 maturities were traded at levels of 8.25% and 8.50%, 9.25% and 9.33% to 9.35% respectively.

The total secondary market Treasury bond transacted volume for 11 June 2018 was Rs. 4.37 billion.

In money markets, the OMO Department of the Central Bank of Sri Lanka infused an amount of Rs. 10 billion at a weighted average yield of 8.49%, by way of an overnight reverse repo auction as the net deficit in the system stood at Rs. 7.55 billion. The overnight call money and repo rates averaged 8.32% and 8.38% respectively.

Greenback holds below the 160 mark

The USD/LKR rate quoted on spot contracts was Rs. 159.65/75 against its previous day’s closing levels of Rs. 159.50/90, on the back of continued importer demand.

The total USD/LKR traded volume for 11 June 2018 was $ 69.50 million. Some of the forward USD/LKR rates that prevailed in the market were one month - 160.45/65; three months - 162.00/30 and six months - 164.25/55.

 


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 Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.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

Warriors who fight for a larger purpose

Friday, 17 August 2018

Are women more naturally inclined to cooperation than men? Sulochana Sigera’s impassioned statement at last week’s Women in Management Awards seemed to suggest so. Addressing the under-representation of women decision-makers, Sigera pointed to th


Do we sink or swim? No Michael, row the boat ashore!

Friday, 17 August 2018

Why Sri Lanka needs to strengthen geopolitical ties to be a competitive global economy by 2030


Sri Lankan people want leaders to be decisive

Friday, 17 August 2018

The different leaders we have seen in Sri Lanka in the last 40 years beginning with JRJ to the current President were very different in their approach to power and authority, based on their cultural values and understandings of the leadership style.


The strategic role of the finance function: The path to relevance

Thursday, 16 August 2018

During my term as Global President of CIMA nearly a decade ago, the theme I chose for my year of leadership was a single word – ‘relevance’. The word relevance is perpetual. It is contextual to when it is used. It is extremely applicable to the


Columnists More