Wednesday Jul 15, 2026
Wednesday Jul 15, 2026
Tuesday, 14 July 2026 06:40 - - {{hitsCtrl.values.hits}}
By Wealth Trust Securities
At the round of Treasury Bond auctions conducted yesterday, the entire offered amount of Rs 150 billion was raised at the first phase of the auction in competitive bidding. Weighted averages were seen coming in above pre-auction secondary market quotes.
The bids received to accepted amount ratio stood at 2.42 times.
Maturity-wise the results were as follows:
The shorter tenor 15.10.2030 maturity was issued at a weighted average yield of 11.57%, marginally above its pre-auction secondary market rate of 11.47%-11.50%.
The 15.10.2034, a brand-new maturity was issued at the weighted average yield of 12.04%, above a similar 15.06.2034 maturity pre-auction secondary market rate of 11.80%-11.90%.
The longer tenor 01.07.2037 maturity came in at the weighted average yield of 12.58%. A comparable 15.08.36 maturity was quoted at 11.80%/12.00%. (See table for details of the auction).
The direct issuance window will be opened for an additional 10% of the offered amount across all three maturities at the respective weighted averages until 3.00pm on Tuesday, 14 July.
The secondary Bond market yesterday started off a fresh trading week on a slow note as market participants adopted a watchful stance amidst the auction. Activity and transaction volumes were seen at a virtual standstill. The limited trades were seen at prevailing levels as yields continued to consolidate.
The 01.03.30 and 15.10.30 maturity traded at the rates of 11.25% and 11.50% respectively.
In the money market, the net liquidity surplus increased to Rs. 152.35 billion yesterday against the previous day’s Rs. 116.72 billion. An amount of Rs. 131.43 billion was deposited at the Central Bank’s SDFR (Standing Deposit Facility Rate) of 8.25% as against an amount of Rs 0.08 billion withdrawn from the Central Bank’s SLFR (Standing Lending Facility Rate) of 9.25%
In addition, the Domestic Operations Department (DOD) of the Central Bank of Sri Lanka drained out an amount of Rs. 21 billion by way of overnight repo auction at a weighted average rate of 8.74% as against an offered amount of Rs. 50 billion.
The weighted average rates on overnight Call money and Repo were recorded at 9.00% and 9.01% respectively.
Forex market
The USD/LKR rate on spot contracts was seen closing the day depreciating to LKR. 336.00/336.25, from its previous day’s close of LKR. 335.70/335.85.
The total USD/LKR traded volume for 10 July was $ 98.65 million.
(References: Public Debt Management Office - Ministry of Finance, Central Bank of Sri Lanka, Bloomberg E-Bond Trading Platform, Money Broking Companies)
