Daily Mirror - Print Edition

All maturities accepted after 11 auctions

25 Apr 2024 - {{hitsCtrl.values.hits}}      

By First Capital Research 
The secondary market continued to witness thin volumes and limited activities for yet another day, with activities largely centered on the belly-end of the curve. 
Few trades took place prior to the Central Bank auction, with 01.06.26 trading at 11.15 percent, 01.08.26 trading at 11.14 percent, 15.12.26 trading at 11.34 percent, 01.05.27 trading at 11.80 percent, 15.09.27 trading at 11.90 percent whilst 15.03.28 and 01.07.28 maturities trading at 12.15 percent and 12.20 percent, respectively.
Furthermore, positive buying interest was observed on the Rs.92.0 billion bill auction held yesterday, with the Central Bank fully accepting all offered across all tenures (since January 31, 2024). 


The Central Bank accepted Rs.35.0 billion for the 91-day bill, at 9.90 percent (-13 basis points (bps)) whilst Rs.30.0 billion and Rs.27.0 billion were accepted from the 182-day and 364-day maturities, at 10.08 percent (-14 bps) and 10.21 percent (-02 bps), respectively. 
Furthermore, the Central Bank also announced the Rs.100.0 billion treasury bond auction, which is scheduled for April 29, 2024, in which the Central Bank is planning to raise Rs.25.0 billion from the 15.03.28 maturity, whilst Rs.30.0 billion and Rs.45.0 billion are expected to be raised from the 15.05.30 and 01.10.32 maturities. 
Meanwhile, as per the Central Bank published data, the Sri Lankan rupee bounced back and appreciated to Rs.301.46 against the US dollar, after recording five consecutive days of depreciation.