📈 Rs. 100 Bn T-Bond Auction Delivers Mixed Results; Secondary Market Holds Steady
• T-Bond Auction Breakdown: Raised Rs. 80.69 Bn (80.69% of total Rs. 100 Bn offered) across three maturities. Bid-to-accepted ratio reached 2.89x. • 15.09.29 (Shorter Tenor): Issued at weighted average yield of 11.00% (in line with pre-auction market quotes). Entire volume raised in Phase 1. • 01.12.31 Maturity: Issued at 11.67% (marginally above market two-way of 11.60%-11.65%). Entire volume raised in Phase 1. • 15.08.36 Maturity: Issued at 12.33% (in line with pre-auction market bid rate). • Secondary Bond Market: Yields consolidated and remained broadly steady post-auction, though trading activity remained subdued. Key trades prior to results included 15.12.28 at 10.62%, 15.10.30 at 11.40%, and 01.11.33 at 11.95%. • Upcoming T-Bill Auction: Rs. 90 Bn on offer today (Rs. 40 Bn for 91-day, Rs. 30 Bn for 182-day, Rs. 20 Bn for 36📊 Rs. 100 Bn T-Bond Auction Delivers Mixed Results • Auction Overview: The Treasury Bond auction raised Rs. 80.69 Bn (80.69% of the offered Rs. 100 Bn). Bids received to accepted amount ratio stood at 2.89 times. • Maturity Breakdown: • 15.09.29 (Shorter Tenor): Weighted average yield of 11.00% (in line with pre-auction market two-way quote). Entire volume raised in 1st phase. • 01.12.31: Weighted average yield of 11.67% (marginally above pre-auction quote of 11.60%/11.65%). Entire volume raised in 1st phase. • 15.08.36: Weighted average yield of 12.33% (in line with pre-auction quote). • Upcoming T-Bill Auction: Rs. 90 Bn total on offer today (Rs. 40 Bn for 91-day, Rs. 30 Bn for 182-day, Rs. 20 Bn for 364-day tenors), slightly above the estimated Rs. 82.09 Bn in maturities. Last week’s T-bill yields edged up marginally on 91-day (9.26%) and 182-day (9.44%), while 364-day held steady at 9.95%. • Money & Forex Markets: • Secondary Bond Market: Yields remained broadly steady; trading activity was subdued. • Net Liquidity Surplus: Recorded at Rs. 115.83 Bn. Overnight call money and repo weighted average yields stood at 8.99% and 9.04% respectively. • USD/LKR Rate: Rupee closed slightly lower at Rs. 331.00/331.07 per USD with a traded volume of US$ 25.88 Mn.