364-day bill WAvg remains unchanged at 6.00%

Wednesday, 22 October 2014 00:00 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities The weighted average (WAvg) on the 364-day bill remained unchanged at 6.00% at this week’s Treasury bill auction held yesterday. An amount of Rs. 10.96 billion was accepted against bids of Rs. 27.17 billion received in comparison to its offered amount of Rs. 8 billion. Leading to the auction and following the auction results, secondary market bond yields were seen decreasing yesterday mainly on the liquid maturities of 1 July 2022 and 1 January 2024 to intraday lows of 7.70% and 8.00% respectively against its days opening highs of 7.85% and 8.10%. In addition, a limited amount of activity was witnessed on the two 2018 maturities (i.e. 1 April 2018 and 15 August 2018), and the 1 May 2021 maturity as well within the range of 7.00% to 7.10%, 7.15% to 7.25% and 7.55% to 7.70% respectively. In secondary bill markets, the 364 day bill was quoted within the range of 5.95% to 6.00%, post auction. In money markets yesterday, surplus liquidity stood at Rs. 14.77 with an amount of Rs. 10 billion being drained out by way of a three day term repo auction at a weighted average of 5.73%. Overnight call money and repo rates averaged 6.00% and 5.45% respectively. Rupee dips for a third consecutive day In forex markets, the rate on spot next contracts (five-day forward) dipped for a third consecutive day to Rs. 130.9010 on the back of continued importer demand. The total USDLKR traded volume for 20 October was at $ 40.33 million. Given are some forward dollar rates that prevailed in the market: one month – 131.33; three months – 132.28; six months – 133.33.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.