ECONOMYNEXT – Sri Lanka’s secondary market remained dull as the bond auction was not fully sold, dealers said while the Central bank’s guidance peg for interbank transactions remain unchanged.
The secondary market wrapped the day on a dull note as investors continued to remain sidelined, First Capital Market Research said.
Central bank has offered 90.0 billion rupees in a bond auction held today, with 30.0 billion rupees expected to be raised from 15.05.25 maturity and 60.0 billion rupees offered under the 15.05.26 maturity.
However the 25 maturity was fully rejected only the 53 billion rupees of the 26 maturity was accepted.
The bond maturing on 15.01.2025 closed at 33.00/33.15 percent on Thursday, unchanged from previous close.
A bond maturing on 15.05.2026 closed at 31.40/50 percent on Thursday, up from 31.30/70 percent at the previous close.
Dealer said the active maturities yields moved up in the market.
No T-bills were quoted.
The Central Bank’s guidance peg for interbank transactions depreciated by remains unchanged at 363.13 rupees against the US dollar on Thursday.
Commercial banks offered dollars for telegraphic transfers for small transactions at 371.61 on Thursday, up from 371.58 the previous day, data showed. The buying rate was at 360.42 rupees, up from 360.38 on Wednesday.
(Colombo/Dec 29/2022)