📈 T-Bill Rates Rise for Second Week; Full Rs. 100 Bn Raised Amid Bond Market Rally

• Treasury Bill Auction: Weighted average yields increased across all maturities for a second straight week, showing a front-end bias. - 91-day Bill: Rose by 9 basis points to 10.23% (raised more than its offered volume). - 182-day Bill: Rose by 9 basis points to 10.30%. - 364-day Bill: Edged up by 3 basis points to 10.20%. - Subscription: The full Rs. 100 Bn offered in Phase I was raised successfully, with total bids received at 1.66 times the offered volume. Phase II is open for 10% of the offered amount on 182-day and 364-day tenors. • Secondary Bond Market: Rallied strongly on large-ticket buying, driving yields lower. Heavy activity was concentrated on the 15.10.30 maturity (trading down to 11.45%-11.37%) and the 15.03.35 maturity (trading down to 11.85%-11.80%). • Money Market Liquidity: The net liquidity surplus stood at Rs. 89.83 Bn. A total of Rs. 99.43 Bn was deposited at the Central Bank’s Standing Deposit Facility Rate (SDFR) of 8.25%, while Rs. 9.60 Bn was withdrawn from the Standing Facility Rate (SLFR) of 9.25%. Overnight call money and repo weighted averages were 9.23% and 9.25% respectively. • Forex Market: The Sri Lankan Rupee (LKR) dipped marginally against the US Dollar (USD), with spot contracts closing at LKR 336.20/336.40 compared to the previous close of LKR 336.00/336.25. The total USD/LKR traded volume stood at US$ 98.45 Mn.