Sunday Aug 17, 2025
Sunday Aug 17, 2025
Thursday, 14 August 2025 00:10 - - {{hitsCtrl.values.hits}}
By Wealth Trust Securities
The weighted average yield rates at the weekly Treasury Bill auction held yesterday dropped marginally. Accordingly, the weighted average rate on the 91-day tenor and the 182-day tenor registered declines of 01 basis point each to 7.60% and 7.90% respectively week-on-week. However, the 364-day tenor remained unchanged week-on-week at 8.03%. The auction raised the entire total offered amount of Rs 103.50 billion at the first phase in competitive bidding. This marked the second consecutive instance of full subscription. Total bids received exceeding the offered amount by 1.99 times. Notably, the longer tenor 182- and 364-day maturities raised more than their respective offered amounts, while the 91-day maturity raised less than its respective offered amount. The Phase II subscription on the 91-day and 182-day maturities are now open until 3 p.m. of business day prior to settlement date (i.e., 14.08.2025) at the WAYRs determined for the said ISINs at the auction.
Meanwhile, overall activity in the secondary government securities market was observed at healthy levels. However, yields stayed anchored around prevailing levels, leading to the market consolidating.
The 01.05.28 maturity traded at the rate of 8.80%. The 15.06.29, 15.10.29 and 15.12.29 maturities were seen trading at the rates of 9.30%, 9.35% and 9.40% to 9.38% respectively. The 15.05.30 maturity traded within the range of 9.48%-9.45%. The 15.12.32 maturity traded within the range of 10.25%-10.20%.
In money markets, the weighted average rates on overnight call money and Repo stood at 7.85% and 7.86% respectively.
The net liquidity surplus was recorded at Rs. 108.18 billion yesterday. An amount of Rs. 6.74 billion was withdrawn from the Central Bank’s SLFR (Standing Lending Facility Rate) of 8.25%, while an amount of Rs. 114.91 billion was deposited at Central Banks SDFR (Standard Deposit Facility Rate) of 7.25%.
Forex market
In the Forex market, the USD/LKR rate on spot contracts to closed appreciated slightly at Rs. 300.82/300.92 as against its previous day’s closing level of Rs. 300.95/301.05.
The total USD/LKR traded volume for 13 August was $ 100.35 million.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)
