Positive momentum continues at T. Bill auction

Thursday, 12 August 2021 00:00 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

The total accepted amount at yesterday’s Treasury Bill auction was seen increasing further to 93.17% of its total offered amount as its bids-to-offer ratio increased to a four-week high of 1.85:1. An amount of Rs. 28.42 billion was taken up by way of subscription on the 91-day maturity, as its weighted average rate was seen increasing by three basis points to 5.27%. The weighted average rates on the 182-day and 364-day maturities increased by three and four basis points respectively to 5.27% and 5.32%.

In the secondary bond market, activity remained moderated yesterday with maturities of 2023’s (i.e. 15.01.23, 15.07.23 and 15.12.23) and 01.12.24 changing hands at levels of 5.73% to 5.75%, 6.02%, 6.32% to 6.33% and 6.95% respectively. In secondary market bills, September and November 2021 maturities changed hands at a level of 5.12% and 5.15% respectively, pre-auction.

The total secondary market Treasury bond/bill transacted volume for 10 August was Rs. 2.86 billion.

In money markets, the weighted average rates on call money and repo averaged 5.01% and 5.06% respectively as an amount of Rs. 136.37 billion was deposited at Central Banks SDFR of 4.50%. The net liquidity surplus decreased to Rs. 39.53 billion yesterday as an amount of Rs. 96.84 billion was withdrawn from Central Banks SLFR of 5.50%.

USD/LKR

In Forex markets, the overall market continued to remain inactive yesterday. The total USD/LKR traded volume for 10 August was $ 16.10 million.

(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)

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