PDMO successfully raises full offered amount at T-bond auction

By First Capital Research
Yesterday, the PDMO successfully concluded a T-bond auction, raising the full offered amount of Rs.240.0 billion across the 2030, 2033 and 2035 maturities. 
However, the overall market volumes remained subdued, with trading activity easing during the day.
At the T-bond auction held yesterday, the PDMO successfully raised the full offered amounts of Rs.90.0 billion, Rs.70.0 billion and Rs.80.0 billion for the 2030, 2033 and 2035 maturities, respectively, raising a total of Rs.240.0 billion. The corresponding weighted average yields were 11.86 percent, 12.32 percent and 12.93 percent. 
Following the bond auction, the 01.08.2030 maturity traded in the range of 12.00 percent-12.10 percent. The 15.01.2033 maturity was seen trading at 12.50 percent, while the 15.03.2035 maturity traded between 13.15 percent and 13.00 percent.
On the external front, the Sri Lankan rupee appreciated against the US dollar, standing at Rs.323.02/US dollar, compared to Rs.325.11/US dollar seen the previous day. 
Overnight liquidity in the banking system contracted to Rs.126.70 billion, from Rs.142.31 billion recorded previously.