T-Bill Rates Anchor for 20th Week; Secondary Bonds Rise & Rupee Depreciates 📈

• Treasury Bill Auction: Weighted average rates held broadly steady for the 20th straight week. • Key Rates: 182-day was 7.91% and 364-day was 8.03% (both unchanged). The 91-day tenor saw a marginal 1 basis point drop to 7.51%. • Under-Subscription: The auction was heavily undersubscribed for the 5th consecutive week, raising only Rs 15.843 Bn (33.01%) out of Rs 48.00 Bn offered. • Secondary Bond Market: Activity and yields increased, reportedly reacting to the aftermath of Cyclone Ditwah. Maturities traded higher, e.g., 15.10.29 at 9.60% and 01.11.33 up to 10.55%. • Transaction Volume: Total secondary market Bond/Bill transacted volume for the day was Rs 1.073 Bn. • Forex Market: The Rupee depreciated further. The USD/LKR spot closed at 308.80/308.90, compared to 308.55/308.65 the previous day. Total traded volume was US$ 41.55 Mn. • Money Market: Net liquidity surplus recorded at Rs 97.03 Bn. Overnight Call Money and Repo rates stood at 7.94% and 7.97% respectively.