Monday Nov 03, 2025
Monday Nov 03, 2025
Wednesday, 15 October 2025 00:09 - - {{hitsCtrl.values.hits}}
By Wealth Trust Securities
The secondary Bond market yesterday witnessed healthy overall activity, despite being characterised by prolonged periods of inactivity interspersed with sporadic bursts of trading.
This marked a stark departure from the virtual standstill seen the day before. Transaction volumes were at robust levels, with sizeable block trades executed during the active periods.
Yields held broadly steady across most of the curve as the market continued to consolidate, keeping rates anchored around prevailing levels. The exception was the 2028 tenors, which saw yields creep upwards.
In terms of the secondary Bond market trade summary, 01.08.26 maturity was seen trading at the rate of 8.35%-8.30%. The 15.02.28, 01.05.28 and 01.07.28 maturities were seen trading at the rates of 9.10%, 9.20% and 9.25% respectively.
The 15.10.28 and 15.12.28 maturities were both seen trading at the rate of 9.30%. The 15.06.29, 15.10.29 and 15.12.29 maturities were seen trading at the rates of 9.65%, 9.70%-9.68% and 9.70% respectively. The 01.07.30 maturity was seen trading down the range of 9.80% to 9.78%.
The 01.06.33 and the 01.11.33 maturity were seen trading at the rates of 10.70% and 10.72% respectively.
In Secondary market Bills, trades were observed on March
2026 maturities at the rates of 8.00%-7.95%.
Meanwhile, the Treasury Bills auction scheduled to be conducted today will have a total offered amount of Rs. 77.5 billion, an increase of Rs. 44 billion over the previous week. The auction will consist of Rs. 15 billion on the 91-day, Rs. 35 billion on the 182-day and Rs. 27.50 billion on the 364-day maturities.
For context, at the previous weekly Treasury Bill auction (08th October), the weighted average rates held largely steady, with the exception of the 91-day maturity which registered a further drop of 01-basis point.
The 182-day and 364-day tenors remained unchanged at 7.89% and 8.02% respectively.
This marks the 12th week where T-Bill rates have stayed broadly anchored around prevailing levels. Nevertheless, the auction went undersubscribed. Only 57.10% or Rs 19.13 billion out of the Rs 33.50 billion targeted offered amount was raised. This was despite the bids received to offered amount ratio standing at 1.59 times
The total secondary market Treasury Bond/Bill transacted volume for 13 October was Rs. 37 billion.
In money markets, the net liquidity surplus was recorded at Rs. 171.02 billion yesterday. An amount of Rs. 179.46 billion was deposited at Central Banks SDFR (Standing Deposit Facility Rate) of 7.25%, while an amount of Rs. 8.44 billion was withdrawn from the Central Banks SLFR (Standard Lending Facility Rate) of 7.25%.
The weighted average rates on Call money and Repo were registered at 7.87% and 7.89% respectively.
Forex Market
In the Forex market, the USD/LKR rate on spot contracts closed the day depreciating to Rs. 302.80/302.90 as against Rs. 302.59/302.62 the previous day.
The total USD/LKR traded volume for 13th October was US $ 67.31 million.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)
