Weekly auction total accepted amount dips to a 5-week low

Wednesday, 12 May 2021 00:00 -     - {{hitsCtrl.values.hits}}



  • Bond yields remain mostly unchanged ahead of T-Bond auctions

By Wealth Trust Securities

The total accepted amount at the weekly T-bill auction conducted yesterday was seen decreasing once again to a five-week low, as only an amount of Rs. 21.01 billion was accepted from all three maturities against last week’s total accepted amount of Rs. 34.91 billion. The weighted average rates on all three maturities remained steady at 5.12%, 5.14% and 5.18% respectively. The bids to offer ratio stood at 1.34:1. 

The secondary bond market yields remained mostly unchanged yesterday as activity moderated ahead of today’s Treasury bond auctions. Trades were witnessed on the maturities of 15.11.23 and 01.08.26, at levels of 6.25% and 7.55% to 7.58% respectively.

Today’s auction will have on offer a total amount of Rs. 20 billion, consisting of Rs. 10 billion each of the 01.05.2025 and 01.05.2028 maturities. The maximum yields rate for acceptance for the said maturities was published at 7.07% and 7.98% respectively. The weighted average yields at the bond auctions conducted on 29 April were 6.50%, 7.25% and 8.44% for the maturities of 15.11.2023, 15.01.2026 and 01.10.2032 respectively.

The total secondary market Treasury bond/bill transacted volume for 10 May was Rs. 5.25 billion.   

In the money market, the weighted average rates on overnight call money and repo were registered at 4.67% and 4.69% respectively, while the overnight net surplus liquidity stood at Rs. 140.83 billion yesterday.


In Forex markets, the USD/LKR on one-month forward contracts saw continued buying interest at Rs. 199.90 while spot contracts were traded at a level of Rs. 199.95 yesterday.

The total USD/LKR traded volume for 10 May was $ 83.85 million.   

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