Sunday Feb 22, 2026
Sunday Feb 22, 2026
Thursday, 8 January 2026 00:00 - - {{hitsCtrl.values.hits}}
By Wealth Trust Securities
At the weekly Treasury Bill auction held yesterday, weighted average yields recorded an upwards movement across the board for a third consecutive week. Accordingly, the weighted average yield on the 91-day bill rose by 14 basis points to 7.88%, the 182-day by 17 basis points to 8.44%, and the 364-day by 02 basis points to 8.47% respectively. The auction was fully subscribed for the first time in 4 weeks raising the entire Rs. 100 billion on offer as the 182-day bill dominated the auction, reflecting 80.46% of the total accepted amount or Rs.80.46 billion. Total bids received amounted to 2.47 times the offered volume.
The Phase II of subscription is now open only on the 91-day and 364-day tenors until 3.00 pm of business day prior to settlement date (i.e., 08.01.2026) at the WAYRs determined for the said ISINs at the auction.
The secondary Bond market yesterday saw rates initially drop lower on the belly end of the yield curve with demand centred on 2029-2030 tenors. Even though a slight reversal was observed towards the latter part of the day, secondary market two-way quotes closed lower compared to the previous day. Activity and transaction volumes continued to be seen at healthy levels.
In terms of the Secondary Bond market trade summary, the 15.03.28 traded at the rates of 9.15%-9.16%. The 01.05.28 and 01.07.28 maturities within the ranges of 9.20%-9.18% and 9.22%-9.20% respectively. The 15.10.28 maturity was seen trading at the rate of 9.26% and the 15.12.28 maturity at the rate of 9.25%. The 15.06.29 maturity traded down the range of 9.58%-9.55% whiles the 15.09.29 and 15.12.29 maturities were seen trading at the rates of 9.65%-9.68% and down the range of 9.71%-9.65% respectively. The 15.03.31 maturity traded at the rate of 9.95%. The 15.05.30 and 01.07.30 maturities were seen changing hands at the rates of 9.80%-9.75% and 9.78%-9.75% respectively. The 01.10.32 maturity traded at the rate of 10.35% and the 15.12.32 maturity within the range of 10.33%-10.35%.
The total secondary market Treasury Bond/Bill transacted volume for 6 January was Rs. 9.50 billion.
In money markets, the net liquidity surplus was recorded at Rs. 158.71 billion yesterday as an amount of Rs. 177.73 billion was deposited at Central Bank’s SDFR (Standing Deposit Facility Rate) of 7.25%. An amount of Rs. 19.02 billion was withdrawn from the Central Bank’s SLFR (Standard Lending Facility Rate) of 8.25%.
The weighted average rates on overnight call money and Repo stood at 7.99% and 8.02% respectively.
Forex Market
In the Forex market, the USD/LKR rate on spot contracts closed the day depreciating marginally to 310.05/310.15 as against its previous day’s closing level of Rs. 310.00/310.10. The total USD/LKR traded volume for 6 January was $ 59.50 million.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)
