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Thin volumes emerge ahead of upcoming auction
By First Capital Research
The secondary market yield curve commenced the week with limited activity and thin trading volumes.
The Central Bank announced the issuance of Rs.67.5 billion in treasury bonds in an auction scheduled to be held on February 13, 2025, where Rs.37.5 billion is to be raised for the 01.09.28 maturity and Rs.30.0 billion is to be raised for the 15.10.30 maturity.
Amongst the traded maturities, notable trades were amongst the 2028, 2030 and 2032 maturities. On the belly end of the curve, 15.02.28 and 15.03.28 traded at a rate of 10.15 percent, while 01.07.28 traded at a rate of 10.38 percent and 15.10.28 traded at a rate of 10.40 percent.
Similarly, the 15.05.30 maturity traded at a rate of 11.09 percent and 01.07.32 traded at a rate of 11.48 percent.
On the external front, the Sri Lankan rupee appreciated against the US dollar, closing at Rs.297.7/US dollar, compared to Rs.298.5/US dollar recorded the previous day. The Central Bank holdings of government securities remained unchanged, closing at Rs.2,511.92 billion today.
Overnight liquidity in the banking system expanded to Rs.153.52 billion, from Rs.144.29 billion recorded the previous day.
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