Friday Jun 26, 2026
Friday Jun 26, 2026
Thursday, 25 June 2026 05:36 - - {{hitsCtrl.values.hits}}
By Wealth Trust Securities
At the weekly Treasury Bill auction held yesterday, yields increased across all maturities, albeit by different extents, reversing part of the decline recorded at the previous auction.
The sharpest increase was witnessed on the 91-day Bill by 12 basis points to 10.14% followed by the 182-day Bill by 5 basis points to 10.21%. However, the 364-day Bill edged up by only 1 basis point to 10.17%
The auction successfully raised the full Rs. 70 billion offered at the first phase of competitive bidding, with accepted volumes across all maturities matching the amounts offered. Total bids received amounted to 1.86 times the offered volume, reflecting continued investor demand despite the upward movement in yields.
The Phase II subscription across all three maturities is now open until 3.00 pm of business day prior to settlement date (i.e., 25.06.2026) at the WAYRs determined for the said ISINs at the auction (see table for details of the auction).
The secondary Bond market yesterday saw rates initially decline on the back of strong buying interest, mainly on the 2030 maturities with the 01.08.30 hitting an intraday low of 11.14%. However, profit taking at these levels saw yields push up and close the day marginally higher following the Bill auction outcome.
On the rest of the curve, the 01.05.28 and 15.12.29 maturities traded at the rates of 10.60% and 10.90% respectively. The 01.08.30 maturity was seen trading to touch a low of 11.14% before trading back up to 11.19%. The 15.10.30 maturity traded down to a low of 11.15% before trading back up to 11.20%.
The 15.01.33 maturity traded at the rates of 11.55%-11.59%. The 01.11.33 maturity touched a low of 11.60% while the 15.06.34 maturity traded within the narrow band of 11.65%-11.67%. The 15.03.35 maturity traded at the rate of 11.80%.
Activity and transaction volumes were seen at healthy levels.
In the money market, the net liquidity surplus was recorded at Rs. 61.04 billion yesterday. An amount of Rs. 94.62 billion was deposited at Central Bank’s SDFR (Standing Deposit Facility Rate) of 8.25% as against an amount of Rs. 33.58 billion withdrawn from the Central Bank’s SLFR (Standing Facility Rate) of 9.25%.
The weighted average rates on overnight call money and Repos were recorded at 9.21% and 9.24% respectively.
Forex market
The USD/LKR rate on spot contracts was seen closing at the rate of LKR. 337.00/337.75, appreciating from the previous day’s close of LKR. 335.00/335.50.
The total USD/LKR traded volume for 23rd June was $ 33.80 million.
(References: Public Debt Management Office - Ministry of Finance, Central Bank of Sri Lanka, Bloomberg E-Bond Trading Platform, Money Broking Companies)
