Home / Financial Services/ Bond yields increase marginally ahead of weekly Treasury bill auction

Bond yields increase marginally ahead of weekly Treasury bill auction

Comments / {{hitsCtrl.values.hits}} Views / Tuesday, 10 April 2018 00:21

By Wealth 

Trust Securities

The secondary bond market yields were seen increasing marginally yesterday on the back of profit taking with the liquid maturities of 15.03.23, 01.08.24 and 01.09.28 hitting intraday highs of 10.02%, 10.20% and 10.35% against its previous day’s closing levels of 9.95/00, 10.10/15 and 10.28/34 respectively. In addition, activity was witnessed on the 2019 and 2021 maturities within the range of 9.35% to 9.70% and 9.73% to 9.93% respectively.

Today’s bill auction will have on offer a total amount of Rs.28 billion consisting of Rs.5 billion of the 91 day, Rs.7 billion of the 182 day and Rs.16 billion of the 364 day maturities. At last week’s auction, the weighted average on the 364 day increased by 22 basis points to 9.91% while all bids received for the 91 day and 182 day maturities were rejected. The total secondary market Treasury bond/bill transacted volumes for the 06th of April 2018 was Rs.13.05 billion.

In money markets, the overnight call money and repo rates remained mostly unchanged to average at 7.92% and 7.95% with no Open Market Operations (OMO) being conducted yesterday. The net surplus liquidity in the system increased to Rs.40.97 billion.

Rupee depreciates marginally

In the Forex market, the USD/LKR rates on spot contracts were seen depreciating marginally yesterday to close the day at Rs.155.50/60 against its previous day’s closing levels of Rs.155.35/45 on the back of importer demand.

The total USD/LKR traded volume for 6 April was $ 63.55 million.

Some of the forward USD/LKR rates that prevailed in the market were one month – 156.20/35; three months – 157.70/85; and six months – 160.00/15.

Share This Article


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 Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.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


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