News & market updates

WealthTrust Securities reports the secondary bond market opened March with yields falling—especially on 2029 and 2030 tenors—and total secondary Treasury trading of Rs. 9.62 billion. The IMF approved a $334m tranche and the USD/LKR closed near Rs. 295.30, with net liquidity at Rs. 157.03 billion.

WealthTrust Securities reports secondary Treasury bond yields held broadly steady (e.g. 15.05.26 at 8.60%-8.55%) while USD/LKR appreciated to Rs.295.25/295.50; total secondary Treasury turnover was Rs.36.12 billion on Feb 14.

WealthTrust Securities reports that primary Treasury auctions saw yields fall (01.09.28 at 10.31%; selected T-bills 7.69%-8.42%), triggering a secondary bond market rally and lifting liquidity to Rs.175.09bn; USD/LKR strengthened to about Rs.295.40/295.70.

Treasury Bond auctions were fully subscribed, raising Rs.67.50 billion with strong demand (bids 2.75x) and key maturities issued below expectations (01.09.28 at 10.31%, 15.10.30 at 11.23%). Secondary bond market rallied, yields fell and USD/LKR appreciated to Rs.295.90/296.20.

Weighted average Treasury bill rates fell for a 10th consecutive week (91-day 7.69%, 182-day 7.94%, 364-day 8.42%) and the full Rs.157.50bn on offer was raised (bids 2.27x). Secondary bond yields edged down and USD/LKR was largely unchanged at ~296.80/297.00.

WealthTrust Securities reports secondary bond yields held broadly steady as market activity remained subdued ahead of Treasury bill and bond auctions; a T‑bill auction of Rs.157.50 billion is scheduled for 11 Feb. Recent weekly weighted average T‑bill rates declined to 7.79% (91‑day), 8.00% (182‑day) and 8.43% (364‑day).

T-bill weighted average rates fell across all offered tenors (91d 7.79%, 182d 8.00%, 364d 8.43%) while secondary government bond yields traded mostly sideways. A Rs.67.5bn Treasury bond auction (Rs.37.5bn 01.09.2028 at 11.50% and Rs.30.0bn 15.10.2030 at 11.00%) is scheduled for 13 Feb; USD/LKR closed near 297.00/297.50.

WealthTrust Securities reports secondary bond yields were range-bound and broadly steady on 5 Feb 2025, with short-tenor bills around 7.79%–8.47% and bond maturities 2026–2030 trading roughly 8.80%–11.12%; total secondary market Treasury volume was Rs. 87.33 billion.

Treasury bill auction fully subscribed with Rs.180bn raised as weighted average yields fell to 7.79% (91-day), 8.00% (182-day) and 8.43% (364-day); USD/LKR spot appreciated to Rs.298.50/298.75.

CBSL held policy rates at 8% while the 3-month T-bill rate fell to 7.93% (a three-year low) as the Rs.182.5b T-bill auction was fully subscribed, triggering a secondary market rally ahead of a Rs.40b Treasury bond auction.

WealthTrust Securities reports secondary Treasury yields held broadly steady with moderate activity; total secondary market Treasury bond/bill volume was Rs. 6.22 billion on 24 Jan, with key maturities trading roughly 9.70%–11.42%. USD/LKR spot closed at Rs. 298.50/298.60 and net liquidity surplus was Rs. 169.55 billion.

Secondary bond yields declined and the Rs.155 billion T-bill auction was fully subscribed, with 91/182/364-day weighted average rates falling to 8.12%, 8.25% and 8.63%. USD/LKR closed at Rs.298.80/299.00 and net liquidity surplus stood at Rs.148.47 billion.

WealthTrust Securities reports the secondary Treasury bond market started slowly with yields edging up marginally and total secondary market Treasury volume at Rs.17.39 billion; USD/LKR closed at Rs.296.90/297.10 and overnight call/repo rates were ~8.00%/8.03%.

Rs.107b T-bill auction was fully subscribed and weighted average T-bill rates fell for a sixth straight week to 8.33% (91d), 8.44% (182d) and 8.80% (364d). Secondary bond yields were range-bound and USD/LKR closed weaker at Rs.295.60/296.00.

WealthTrust Securities reports secondary bond yields fell ahead of a Rs. 190 billion Treasury bond auction, with weekly T-bill weighted average rates down to 8.47% (91-day), 8.60% (182-day) and 8.90% (364-day) and Rs.102 billion fully subscribed. The auction offers 2028, 2030 and 2033 maturities.

WealthTrust Securities: Treasury bond auction raised the full Rs.80 billion with bids 2.82x and the 15.10.28 maturity issued at a weighted average yield of 10.42%. Secondary yields were broadly steady and USD/LKR remained around 292.6.

Secondary bond yields declined and the Rs.185b weekly T-bill auction was fully subscribed; weighted average rates were 91-day 8.66%, 182-day 8.81% and 364-day 9.02%. The USD/LKR depreciated to Rs.291.55/291.85 and secondary bond/bill volume was Rs.20.62b.

Secondary Treasury yields saw intraday swings—15.10.27 and 01.05.28 fell to lows of 10.07% and 10.45% before rising to highs of 10.15% and 10.60%; total secondary Treasury turnover was Rs.70.35bn. Money-market rates were around 8.17%–8.32%, CB net liquidity surplus Rs.221.89bn and USD/LKR marginally appreciated to 290.30/290.40.

WealthTrust Securities: secondary bond yields held broadly steady (with concentrated buying lowering 2027 tenors) and a Rs.192.50bn T-bill auction was fully subscribed; the rupee slightly appreciated to Rs.290.40/290.50.

A Rs. 205.00 billion Treasury bond auction was fully subscribed, with WAYRs of 10.62% (15.10.28), 11.28% (15.03.31) and 11.40% (01.11.33). Secondary bond market volumes were elevated and yields consolidated lower; USD/LKR closed at 290.70/290.80.

Secondary bond yields edged up, with tenors trading around 10.10%–11.53%, and a Rs.145.00 billion Treasury bill auction due today. Overnight call and repo rates were 8.58% and 8.68% respectively, and USD/LKR closed at 291.00/291.15.

Secondary Treasury bond market saw yields plunge to fresh lows with total secondary market turnover of Rs.18.47 billion on 14 Nov (e.g. 01.02.26 at 9.90%; 01.05.28 hit an intraday low of 10.95%). The Central Bank injected Rs.50bn via overnight repo and USD/LKR closed at 291.35/291.45.

Secondary bond yields fell last week, notably on 2026–2028 tenors, ahead of a Rs. 132.50 billion Treasury bond auction on 12 November. Short-term T-bill rates edged up, money-market liquidity rose to Rs. 123.37 billion, foreign holdings increased for an eighth week and the rupee appreciated to Rs. 292.50/292.65.

WealthTrust Securities reports the Rs. 32.50 billion Treasury bond auction was fully raised with total bids 3.82x the offer while secondary market yields remained broadly steady. T-bill rates ticked up for the first time in six weeks, foreign holdings rose to Rs. 52.92b and the rupee appreciated to about Rs. 293.

Secondary bond market traded sideways as the Rs. 32.50 billion Treasury bond auction was fully subscribed and yields closed broadly steady. A Rs. 145 billion T-bill auction is due today and the USD/LKR spot was steady at Rs. 293.60/293.70.

Foreign investors increased holdings of LKR-denominated government securities by about Rs.12 billion since 20 September, lifting total foreign holdings to roughly Rs.51.14 billion (a net FX inflow of $42m). WealthTrust reported a Rs.495 million inflow in the week to 17 October, the fifth consecutive weekly inflow.

WealthTrust Securities reports secondary bond market activity moderated with yields broadly steady — key trades: 15.12.26 at 10.75%, 01.05.27 at 11.53%, 15.02.28 at 11.95% and 2029 maturities ~12.00–12.05%; CCPI was -0.50% YoY in Sept (first deflation in 39 years). USD/LKR traded up to Rs.296.30 and secondary market volumes were Rs.32.01bn.

Secondary bond market rallied after the Presidential election, with 2028 tenors falling to an intraday low of 13.35% and total secondary Treasury volume at Rs.14.20 billion. The rupee appreciated to Rs.304.25/304.75 and the Central Bank injected Rs.40.00 billion via an overnight repo.

WealthTrust Securities PLC, with the National Chamber of Commerce, held an awareness session on the Government Securities Market on 12 September featuring CBSL Public Debt Department Superintendent N.D.Y.C. Weerasinghe; topics included Treasury bills, bonds, market trends and investor opportunities.

Secondary bond market yields rose further, with the 01.02.26 at 10.65%, 01.05.27 at 12.60% and 2028–29 maturities around 13.20%–13.50%. The Central Bank’s weekly T-bill auction offers Rs.180bn and the rupee appreciated to about Rs.300.60/300.75 vs USD.