Sunday Sep 21, 2025
Sunday Sep 21, 2025
Thursday, 18 September 2025 03:41 - - {{hitsCtrl.values.hits}}
By Wealth Trust Securities
At yesterday’s weekly Treasury Bill auction, the weighted average yields remained broadly steady, with the rate on the 182-day and 364-day tenors remaining unchanged at 7.89% and 8.02% respectively. The 91-day maturity registered a marginal dip of 1 basis point to 7.57%. This marks the ninth week where T-Bill rates have stayed mostly unchanged at auctions.
However, only 72% of the total offered amount was raised, with successful bids amounting to Rs. 54 billion against the Rs. 75 billion on offer in the first phase of competitive bidding. This marked the fourth consecutive auction that fell short of fully raising the targeted amount.
The Phase II of subscription on across all three maturities is now open until 3 p.m. of business day prior to settlement date (i.e., 18.09.2025) at the WAYRs determined for the said ISINs at the auction.
The Secondary Bond market remained largely subdued for the third consecutive day, with overall activity and overall transaction volumes being relatively low. However, concentrated interest was seen on the 01.07.30 and 15.06.35 maturities, which also recorded a decline in yields, while rates across other maturities held broadly steady.
The 01.07.30 and 15.06.35 traded down the rates of 9.72% to 9.71% and 10.92%-10.90% respectively. In addition, the 15.06.29 and 15.12.29 maturities were seen trading at the rates of 9.45% and 9.55% respectively whiles the 15.03.31 and 01.11.33 maturities at the rates of 10.05% and 10.72% respectively.
In the Secondary Bills market, trades were observed on January, May and July 2026 maturities at the rate of 7.75%-7.85%, 8.00% and 8.015%-8.02% respectively.
The total secondary market Treasury Bond/Bill transacted volume for 16 September was Rs. 3.80 billion.
In money markets, the weighted average rates on overnight call money and Repo stood at 7.86% and 7.87% respectively.
The net liquidity surplus was recorded at Rs. 137.67 billion yesterday. An amount of Rs. 13.19 billion was withdrawn from the Central Bank’s SLFR (Standing Lending Facility Rate) of 8.25%, while an amount of Rs. 150.86 billion was deposited at Central Bank’s SDFR (Standard Deposit Facility Rate) of 7.25%.
Forex market
In the Forex market, the USD/LKR rate on spot contracts to closed appreciating to 301.96/302.00 as against its previous day’s closing level of Rs. 302.07/302.17.
The total USD/LKR traded volume for 16 September was $ 69.85 million.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)
