📈 Primary Bond Auctions Surprise with Lower Yields!

• Yesterday's Treasury Bond auctions produced remarkable outcomes, registering weighted averages below the prevailing secondary market yields. • The 01.03.2030 maturity closed at a weighted average of 9.53% (vs. 9.60%-9.64% previous close). • The 01.06.2033 maturity recorded 10.39% (vs. 10.45%-10.50% previous close). • Secondary Bond market activity moderated post-auction. • Total secondary market T-Bond/Bill transacted volume for Nov 26 was Rs. 28.60 Bn. • Money market recorded a net liquidity surplus of Rs. 92.26 Bn. • Rs. 109.99 Bn was deposited at the SDFR (7.25%), while Rs. 17.73 Bn was withdrawn from the SLFR (8.25%). • Overnight Call/Repo weighted average rates stood at 7.94% and 7.96% respectively. • In the Forex market, the Rupee remained broadly steady. • USD/LKR spot contracts closed at Rs. 308.05/308.15. • Total USD/LKR traded volume for Nov 26 was US$ 107.20 Mn.