T-Bond auction concludes with full acceptance

By First Capital Research

The PDMO held yesterday’s Treasury Bond auction and fully accepted the initially offered amount of Rs. 140.0bn.

Acceptances on 01.03.2030, 01.06.2034 and 01.07.2037 maturities were Rs. 40.0bn, Rs. 60.0bn and Rs. 40.0bn, respectively while the weighted average yields stood at 9.49%, 10.70% and 10.87% respectively.

Following the T-Bond auction, the secondary market experienced renewed buying interest, supported by elevated activity and strong trading volumes.

Within the 2029 maturities, 15.06.2029, 15.09.2029, 15.10.2029, and 15.12.2029 traded in the range of 9.35% to 9.42%. 

Further along the yield curve, 01.03.2030, traded between the rates of 9.55% to 9.48% and 15.03.2031, maturity traded between the range of 9.75% to 9.70%. Furthermore, 01.10.2032 and 15.12.2032 traded between the rates of 10.22% to 10.12%.  

Meanwhile, 01.06.2033 changed hands between the rates of 10.47% to 10.35%. Furthermore, 15.06.2034 maturity traded between the rates of 10.70% to 10.65% and 15.06.2035 changed hands at the rates of 10.79% to 10.70%. 

On the external front, the LKR appreciated against the USD, closing at Rs. 309.35/USD compared to Rs. 309.37/USD recorded the previous day. Overnight liquidity in the banking system expanded to Rs. 341.02bn from Rs. 322.93bn recorded previously.