Bond Market Consolidates Ahead of Rs. 77 Bn T-Bill Auction 📈

• Secondary Bond Market yields generally consolidated at lower levels from the recent rally, with trading largely sideways but activity remaining healthy. • Key trades included the 01.05.27 maturity at 8.50% and the 15.05.30 maturity at 9.55%. • Total secondary market turnover for Nov 10 was Rs. 13.01 Bn. • T-Bill Auction Today: A total of Rs. 77 Bn is on offer, structured as: • 91-day: Rs. 10 Bn • 182-day: Rs. 30 Bn • 364-day: Rs. 37 Bn • The offered amount is significantly below the estimated maturing volume of ~Rs. 104.28 Bn. • Last Week's T-Bills: Weighted average rates remained unchanged for the 16th consecutive week (91-day: 7.52%, 364-day: 8.04%), though the auction was undersubscribed (raised 86.40%). • Money Market: Net liquidity surplus was recorded at Rs. 145.28 Bn, deposited at the Central Bank’s SDFR (7.25%). Call/Repo rates were 7.93% / 7.96%. • Forex Market: The USD/LKR rate on spot contracts closed with a marginal depreciation to Rs. 304.20/304.35. Traded volume for Nov 10 was $ 79.70 Mn.