Government Securities Market (Week ended September 9, 2022)

11 September, 2022

The bearish sentiment in the secondary bond market continued during the week ending September 9 as most market participants persisted to be on the side lines.

This sentiemnt was seen affecting the weekly Treasury Bills auction as only Rs.10.27 billion was aceppted in total againts its total offered amount of Rs. 75 billion at its first phase of the auction. Neverthless, a further amount of Rs.38.14 billion was taken up from its second phase of the auction at its weighted averages of 32.89%, 31.28% and 30.50% on the three-month, six-month and one-year maturities.

The limited amount of actvity witnessed in the secondary bond market during the week centered on the 2025’s (i.e 01.06.25 & 01.07.25) and 15.05.31 maturity at levels of 27.95% to 28.25% and 28.75% to 29.75%.

In money markets, the total outstanding liquidity deficit was registered at Rs. 565.40 billion by the end of the week against its previous weeks of Rs. 597.30 billion while the CBSL’s holding of Gov. Security’s stood at Rs. 2,322.71 billion against its previous weeks of Rs. 2,288.24 billion.

(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)

Courtesy: Wealth Trust Securities Ltd

– Sunday Observer Sri Lanka

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