Ceylon Finance Today: Yesterday's rejection of bids at the Treasury (T)-Bill primary auction (see connected story found elsewhere on this page), resulted in treasury yields fall in secondary market trading afterwards, sources told this reporter.
While the shorter tenures (ie those maturing this year) declined sharply by 20 basis points (bps) those of the longer tenures decreased by 10 bps (after going up by around 50 bps on Monday), they said.
Meanwhile, Central Bank of Sri Lanka (CBSL) on behalf of the Government of Sri Lanka (GoSL) will hold a T-Bond auction for the sale of Rs 15,000 million worth of T-Bonds to the market today .Those comprise Rs 2,000 million worth of T-Bonds maturing in 2020 (four years and 10 months), Rs 3,000 million worth of......T Bonds of 2026 maturity (maturing on 1 June, 2026), Rs 5,000 million worth of 2030 maturities (14 years and three months) maturing on 15 May, 2030 and Rs 5,000 million worth of 2045 maturities, i.e. 29 years an one month, maturing on 1 March, 2045 respectively.
When this announcement was made on Monday, that caused the yields of the longer tenures, which market sources said that there was no demand, to rise by 50 bps in secondary market trading on that day, while on the following day Tuesday, the market was placid, probably waiting for the outcome of yesterday's T Bill auction before making their next move.
www.ceylontoday.lk
Meanwhile, Central Bank of Sri Lanka (CBSL) on behalf of the Government of Sri Lanka (GoSL) will hold a T-Bond auction for the sale of Rs 15,000 million worth of T-Bonds to the market today .Those comprise Rs 2,000 million worth of T-Bonds maturing in 2020 (four years and 10 months), Rs 3,000 million worth of......T Bonds of 2026 maturity (maturing on 1 June, 2026), Rs 5,000 million worth of 2030 maturities (14 years and three months) maturing on 15 May, 2030 and Rs 5,000 million worth of 2045 maturities, i.e. 29 years an one month, maturing on 1 March, 2045 respectively.
When this announcement was made on Monday, that caused the yields of the longer tenures, which market sources said that there was no demand, to rise by 50 bps in secondary market trading on that day, while on the following day Tuesday, the market was placid, probably waiting for the outcome of yesterday's T Bill auction before making their next move.
www.ceylontoday.lk
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