Wednesday Dec 11, 2024
Wednesday Dec 11, 2024
Thursday, 11 February 2021 00:00 - - {{hitsCtrl.values.hits}}
By Wealth Trust Securities
The weighted average rates at yesterday’s weekly Treasury bill auction were seen increasing on all three maturities, while the total accepted amount dipped to a 12-week low of Rs. 13.92 billion against its total offered amount of Rs. 40 billion.
The 182-day bill increased the most by seven basis points to 4.85%, followed by the 91-day and 364-day bill by two basis points each to 4.72% and 5.04% respectively. The weighted average rate of the 364-day maturity was registered at 5.04%, below its stipulated cut-off rate of 5.05%, while no cut-off rates were announced on the 91-day and 182-day maturities this week. The total bids-to-offer ratio stood at 1.86:1. Given below are the details of the auction,
Meanwhile, activity in the secondary bond market moderated yesterday as most market participants opted to stay on the side-lines. Limited trades were witnessed on the 01.12.24 and 15.10.27 maturities at levels of 6.55% to 6.56% and 7.32% respectively. In the secondary bill market, 9 July maturity was seen changing hands at a level of 4.75%, pre-auction.
The total secondary market Treasury bond/bill transacted volumes for 9 February 2021 was Rs. 7.07 billion.
In the money market, weighted average rates on overnight call money and repo remained mostly unchanged at 4.55% each, while the net surplus liquidity was registered at Rs. 129.66 billion.
Rupee continues to slide
In Forex markets, USD/LKR rate on the more active one-week forward contracts were seen closing the day at Rs. 196.00/198.00 in comparison to its spot closing of Rs. 194.50/196.50 the previous day.
The total USD/LKR traded volume for 9 February was $ 62.30 million.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)
