Home / Financial Services/ Lacklustre environment in bond markets ahead of weekly bills auction

Lacklustre environment in bond markets ahead of weekly bills auction


Comments / {{hitsCtrl.values.hits}} Views / Tuesday, 19 March 2019 01:22

Facebook

By Wealth Trust Securities

The secondary bond market commenced the week on a rather dull note yesterday with limited trades seen on the 01.08.21 and 15.03.24 maturities within the range of 10.80% to 10.90% and 11.05% to 11.08% respectively.

Today’s weekly bill auction, conducted a day ahead due to a shortened trading week, will have on offer a total amount of Rs. 24 billion, consisting of Rs. 2 billion each of the 91 day and 182 day maturities and a further Rs. 20 billion on the 364 day maturity. At last week’s auction, the weighted average on the 364 day bill continued to decrease for a third consecutive week, recording a drop of 6 basis points to 10.58%. The weighted averages on the 91 day and 182 day bills stood at 9.55% and 9.87% respectively.

The total secondary market Treasury bond/bill transacted volumes for 15 March was Rs. 13.83 billion.

In money markets, the OMO (Open Market Operations) Department of the Central Bank of Sri Lanka was seen injecting an amount of Rs. 15billion on an overnight basis by way of a Reverse Repo auction at a weighted average of 8.82%, as the net liquidity shortfall in the system stood at Rs. 19.44 billion yesterday. The overnight call money and repo rates averaged at 8.85% and 8.88% respectively.



Rupee appreciates marginally 

In the Forex market, the rupee on spot contracts appreciated marginally to close at Rs. 178.25/35 against its previous day’s closing level of Rs. 178.45/55 on the back of selling interest by Banks.

The total USD/LKR traded volume for 15 March was $ 121.00 million.

Some of the forward USD/LKR rates that prevailed in the market were one month - 179.20/35; three months - 181.00/30 and six months - 184.00/30.

 


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 Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.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

Is Sri Lanka under the dominance of a powerful cabal?

Saturday, 15 June 2019

There is a saying that “A fish rots from the head”. That is the expression used when a country’s leadership is seen as responsible for violence and unethical behaviour of its supporters and the citizens in general - agitating the majority commu


Behind the scenes

Saturday, 15 June 2019

We see and hear many things happening on the stage. Some we only hear about and do not see. More things are happening without being seen clearly. An observation with extensive view and survey will be the only means of bringing to light the true natur


My way or the Huawei: global battle for 5G dominance and its impact on Sri Lanka

Friday, 14 June 2019

The ongoing battle between the US and the Chinese tech giant Huawei is escalating due to both parties’ eagerness to dominate 5G technology, the next major global technological revolution. It will define the future of the World Wide Web, creating a


Plunder of public property by rulers

Friday, 14 June 2019

While the failure to build the modern nation has been the prime factor that had caused the wretchedness of Sri Lanka, plundering of public property by rulers when they are under their custody can be considered the next vital factor that had exacerbat


Columnists More