Saturday Dec 27, 2025
Saturday Dec 27, 2025
Wednesday, 3 December 2025 04:34 - - {{hitsCtrl.values.hits}}
By Wealth Trust Securities
The weighted average rates at the weekly Treasury Bill auction conducted yesterday held steady. Accordingly, the yields on the 182-day and the 364-day tenors were recorded unchanged at 7.91% and 8.03%. However, the 91-day tenor recorded a very marginal drop of 1 basis point to 7.51%. This marks the 20th week where T-Bill rates have stayed broadly anchored around prevailing levels.
Nevertheless, the auction was heavily undersubscribed, raising only 33.01% or Rs 15.843 billion out of the Rs 48.00 billion offered. This marks the fifth consecutive auction to undersubscribed whiles the bids received to offered amount ratio stood at 1.81 times.
The Phase II of subscription is now open across all three ISINs until 3 p.m. of business day prior to settlement date (i.e., 3 December) at the WAYRs determined for the said ISINs at the auction.
Meanwhile, the secondary Bond market saw both activity and yields increasing yesterday as the market reacted to the aftermath of Cyclone Ditwah.
In terms of the secondary Bond market trade summary, the 15.10.29 maturity was seen trading higher at the rate of 9.60% and the 15.12.29 up the range of 9.65%-9.70%. The 01.07.30 and 15.03.31 maturities were seen changing hands at the increased rates of 9.68%-9.70% and 9.99-10.07% respectively. The 15.12.32 maturity traded at the rate of 10.35%, the 01.06.33 at 10.50% and the 01.11.33 maturity at the rate of 10.50%-10.55%. The 15.09.34 and 15.06.35 maturities were seen trading at rates of 10.65% and 10.72% respectively.
The total secondary market Treasury Bond/Bill transacted volume for 1 December was Rs. 1.073 billion.
In money markets, the weighted average rates on overnight call money and Repo stood at 7.94% and 7.97% respectively.
The net liquidity surplus was recorded at Rs. 97.03 billion yesterday as an amount of Rs. 102.60 billion was deposited at Central Bank’s SDFR (Standing Deposit Facility Rate) of 7.25%. An amount of Rs. 5.57 billion was withdrawn from the Central Bank’s SLFR (Standard Lending Facility Rate) of 8.25%.
Forex Market
In the Forex market, the USD/LKR rate on spot contracts closed depreciating to 308.80/308.90. as against its previous day’s closing level of Rs. 308.55/308.65.
The total USD/LKR traded volume for 1 December 2025 was $ 41.55 million.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)
