Treasury bill weighted averages remain unchanged for second consecutive week

Thursday, 4 September 2014 00:00 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities The weighted averages at yesterday’s weekly Treasury bill auction remained unchanged for a second consecutive week with the total accepted amount recording Rs. 6.2 billion in comparison to its total offered amount of Rs. 8 billion. Interestingly, the 182 day maturity dominated the auction as it represented 57% of the total accepted amount. The 182 day and 364 day maturities recorded weighted averages of 6.28% and 6.30% respectively while 91 day was not offered. In secondary bond markets, buying interest fuelled by the constant treasury bill rates and news of a fresh $ bond to be issued by NSB, saw the yields of the liquid 1 July 2019, 1 May 2021 and 1 July 2022 maturities declining to intraday lows of 7.34%, 7.95% and 8.02% respectively. Furthermore, yields of the two 2018 maturities (i.e. 01.04.2018 and 15.08.2018) and 01.01.2024 maturity also dipped to lows of 7.25%, 7,30% and 8.15% respectively against its previous day’s closing levels of 7.32/38, 7.30/40 and 8.22/26. However, yields picked up subsequently, to close the day marginally higher at levels of 7.36/42, 7.95/05, 8.04/06, 7.20/30, 7.25/35 and 8.19/23 respectively due to profit taking. Meanwhile in money markets, The total surplus amount of Rs. 48.41 b was deposited at Central Bank’s Standing Deposit Facility Rate (SDFR) of 6.50% as no auctions under its Open Market Operations (OMO) were conducted for a third consecutive day. The overnight call money and repo rates remained steady to average 6.70% and 6.52%. Rupee remains stable In Forex markets, the USD/LKR rate remained mostly unchanged to close the day at Rs. 130.20/23. The total USD/LKR traded volumes for 2 September stood at $ 37.25 million. Given are some forward dollar rates that prevailed in the market: 1 month – 130.64; three months – 131.29; six months – 132.24.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.