📈 T-Bill Yields Rise Marginally Amid Market Recovery

The weekly Treasury Bill auction saw weighted average yields increase for the fourth consecutive week, though the upward momentum showed signs of moderating. • Auction Results & Yields: 91-day: 7.95% (+7 bps) 182-day: 8.44% (Steady) 364-day: 8.48% (+1 bps) • Subscription Highlights: The auction was marginally undersubscribed, raising Rs. 96.43 Bn out of an offered Rs. 100 Bn (96.43% acceptance). Despite the slight shortfall, total bids received were high at 3.47 times the offered volume, with the 182-day tenor exceeding its specific target. • Secondary Bond Market: Yields initially climbed but recovered late-session due to renewed buying interest. Key trades included the 15.09.27 maturity at 9.00% and the 15.06.35 maturity at 11.15%-11.20%. Total transacted volume reached Rs. 84.05 Bn. • Market Liquidity & Forex: The net liquidity surplus stood at Rs. 151.97 Bn. In the Forex market, the LKR depreciated marginally, with the USD/LKR spot contract closing at 309.20/309.30 compared to the previous 309.00/309.10. _Data based on Wealth Trust Securities and CBSL figures._