In the weekly T-Bill auction, the weighted average (W.Avg) yield on the 364 day T-Bill resumed its downward trend after a lapse of one week to record a dip of two basis points(bps) to 6.29% whilst the W.Avg’s on the 91 day T-Bill and 182 day T-Bills dipped by one basis point each to 6.07% and 6.18% respectively. The W. Avgs of the 4.11 year maturity of 01.05.2020 and the 8.03 year maturity of 01.09.2023 was seen declining by 11 bps and 95 bps respectively to 8.35% and 8.78% against its previously recorded W.Avgs in Treasury bond auctions on 28th May. In addition, the newly-issued 14.11 year maturity of 15.05.2030 was seen recording a W. Avg of 9.67%.
A buying interest was witnessed in secondary bond markets throughout the day followed by the news of a 10 year sovereign dollar bond issue by CBSL. In the money markets, overnight call money and repo rates remained steady at average of 6.10% and 5.78% respectively as at 29th May with surplus liquidity of LKR 111.997 Bn
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