📉 91-Day T-Bill Yield Drops Below 10% as Money Market Surplus Hits 2-Month High

• Primary Auction Performance: • Yield on 91-day maturity fell by 18 bps to 9.95% (sub-10% for the first time in 7 weeks). • Yield on 182-day maturity dropped by 3 bps to 10.24%; 364-day maturity held unchanged at 10.20%. • Fully raised the offered Rs. 140 Bn during Phase I, with demand reaching 2.63 times the offered amount. • Secondary Bond & Money Markets: • Yield curve steepened as short-term T-Bill yields compressed relative to T-Bond yields; secondary trading remained subdued. • Net money market liquidity surplus surged to a two-month high of Rs. 175.20 Bn. • Central Bank absorbed Rs. 70 Bn via overnight (Rs. 50 Bn) and 6-day term (Rs. 20 Bn) Repo auctions at a 8.75% weighted average rate. • Forex & Currency: • USD/LKR spot rate appreciated slightly to close at LKR 336.25/336.35 (from LKR 336.35/336.50). • Total USD/LKR traded volume stood at US$ 143.95 Mn.