Home / Financial Services/ Bond yields remain mostly unchanged ahead of weekly bill auction

Bond yields remain mostly unchanged ahead of weekly bill auction


Comments / {{hitsCtrl.values.hits}} Views / Wednesday, 6 February 2019 00:00

Facebook

 

By Wealth Trust Securities

The secondary bond market yields remained mostly unchanged yesterday on the back of moderate volumes changing hands, ahead of today’s weekly Treasury bill auction. 

Trades were witnessed on the maturities of two 2021s (i.e. 01.08.21 and 15.12.21), three 2023s (i.e. 15.05.23, 15.07.23 and 15.12.23), 01.08.26, two 2027s (i.e. 15.01.27 and 15.06.27) and 01.09.28 at levels of 10.80% to 10.88%, 10.90% to 11.03%, 11.15% to 11.17%, 11.20% to 11.25% and 11.25% to 11.27% respectively.

At today’s auction, a total amount of Rs. 24 billion will be on offer consisting of Rs. 2 billion of the 91-day maturity, Rs. 6 billion of the 182-day maturity and Rs. 16 billion of the 364-day maturity. 

At last week’s auction, the weighted average yield of the 364-day bill declined by one basis point to 10.69% while all bids received on the 182-day bill was rejected. The 91-day bill will be on offer for the first time in 10 weeks. The last recorded weighted average on the 91-day bill was 10.01%.

The total secondary market Treasury bond/bill transacted volumes for 1 February was Rs. 5.34 billion.In the money market, the OMO Department of the Central Bank of Sri Lanka injected an amount of Rs. 30 billion at a weighted average of 9.00%, by way of an overnight reverse repo auction as the net liquidity shortfall in the system stood at Rs. 98.95 billion yesterday. The overnight call money rate averaged at 8.99%.

 

 Rupee dips again   

 The USD/LKR rate on spot contracts depreciated once again yesterday to close the day at levels of Rs. 178.25/45 against its previous day’s closing levels of Rs. 176.80/10 on the back of buying interest by banks.

The total USD/LKR traded volume for 1 February was $ 102.64 million.

Given are some forward USD/LKR rates that prevailed in the market: one month – 178.05/45; three months – 181.00/40; six months – 184.00/40.


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 Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.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