Thursday Sep 10, 2026
Thursday Sep 10, 2026
Thursday, 10 September 2026 04:50 - - {{hitsCtrl.values.hits}}
By Wealth Trust Securities
The Treasury Bill weighted averages exhibited mixed results at this week’s auction. The longer tenors (182- and 364-day) extended their downward trajectory while the 91-day bucked the trend by increasing.
Accordingly, the 182-day yield fell by 3 basis points to 9.24%, while the 364-day Bill declined by 4 basis points to 9.77%. The 91-day increased by 7 basis points to 9.03%.
Despite the mixed outcome, the longer tenors extended their run of declines for a ninth consecutive week.
The Public Debt Management Office (PDMO) successfully raised the full Rs. 80 billion offered. The amount accepted on the 91-day bill fell short of its respective offering, with the shortfall offset by higher-than-offered acceptances on the longer tenors. Total bids received amounted to 1.87 times the overall offer.
The Phase II subscription only on the 91-day and 182-day tenors are now open until 3.00 pm on 10.09.2026 at the Weighted Average Yield Rates (WAYRs) determined at the auction. The auction details are set out below:
The secondary Bond market yesterday saw yields initially move higher. However, the elevated rates enticed renewed buying interest which drove a recovery that ultimately led to secondary market two-way quotes closing lower. Activity and transaction volumes were seen at healthy levels.
The 2028 tenors saw rates increase with the 15.03.28, 01.07.28 and 15.12.28 trading at the rates of 10.10%, 10.15% and 10.20% respectively. The 15.12.29 traded at the rate of 10.50%. The 2030’s recovered with the 01.08.30 trading lower at the rate of 10.70%. The 01.02.31 and 01.12.31 also traded lower at 10.80% and 11.025% respectively. The 01.11.33 maturity saw its yield drop down from touching an intraday high of 11.80% to a low of 11.70%. The 15.10.34 traded within the range of 11.85%-11.90%. The 15.08.36 traded within the range 11.93%-11.95%.
In the money market, the net liquidity surplus was recorded at Rs. 158.14 billion. Rs. 61.94 billion was deposited at the Central Bank’s SDFR (Standing Deposit Facility Rate) of 8.25% as against an amount of Rs. 5.30 billion drawn from the Central Bank’s SLFR (Standing Lending Facility Rate) of 9.25%
In addition, the Domestic Operations Department (DOD) of the Central Bank of Sri Lanka mopped out Rs. 56.50 billion by way of an overnight repo auction at a weighted average yield of 8.74% as well as Rs. 45 billion through a 7-day term repo auction at the weighted average yield of 8.73%
The weighted average yields on overnight call money and repos were recorded at 8.87% and 8.94% respectively.
Forex market
The USD/LKR rate on spot contracts was seen closing at Rs. 328.50/328.70 yesterday, with the rupee appreciating from Rs. 328.70/329.00 recorded on the previous day.
The total USD/LKR traded volume for 8 September amounted to $ 96.25 million.
(References: Public Debt Management Office - Ministry of Finance, Central Bank of Sri Lanka, Bloomberg E-Bond Trading Platform, Money Broking Companies)
