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The Investor Sentiment - Equity and investments forum for Sri Lankans

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Treasury Bill auction held on 20 August 2014 EmptyFri Jul 19, 2024 10:30 am by faithhharris

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4 posters

    Treasury Bill auction held on 20 August 2014

    Sriranga
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    • Post n°1

    Treasury Bill auction held on 20 August 2014 Empty Treasury Bill auction held on 20 August 2014

    Post by Sriranga Wed Aug 20, 2014 4:23 pm

    Treasury Bill auction held on 20 August 2014 Cbsl23
    http://www.cbsl.gov.lk/pics_n_docs/latest_news/press_20140820e.pdf


    Sri Lanka Treasuries edge lower

    Aug 20, 2014 (LBO) - Sri Lanka's Treasuries yield eased lower at Wednesday's auction without accepting any bid for the three month, data from the state debt office showed.

    The 6-month yield fell 02 basis points to 6.28 percent and the 12-month yield fell 01 basis point to 6.30 percent.

    The debt office said 556.00 million in 6-month bills and 3.84 billion in one year bills totaling 4.39 billion rupees were sold after offering 10.00 billion for rollover.
    http://www.lankabusinessonline.com/news/sri-lanka-treasuries-edge-lower/1097559971
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    slstock
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    • Post n°2

    Treasury Bill auction held on 20 August 2014 Empty Re: Treasury Bill auction held on 20 August 2014

    Post by slstock Wed Aug 20, 2014 4:27 pm

    Don't think I have seen values like this for a decade atleast. Was a time it was around 7%.

    On the upper side it was well over 20% in 2008.






    Redbulls wrote:Treasury Bill auction held on 20 August 2014 Browse
    http://www.cbsl.gov.lk/pics_n_docs/latest_news/press_20140820e.pdf


    Sri Lanka Treasuries edge lower

    Aug 20, 2014 (LBO) - Sri Lanka's Treasuries yield eased lower at Wednesday's auction without accepting any bid for the three month, data from the state debt office showed.

    The 6-month yield fell 02 basis points to 6.28 percent and the 12-month yield fell 01 basis point to 6.30 percent.

    The debt office said 556.00 million in 6-month bills and 3.84 billion in one year bills totaling 4.39 billion rupees were sold after offering 10.00 billion for rollover.
    http://www.lankabusinessonline.com/news/sri-lanka-treasuries-edge-lower/1097559971
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    stocks hunter
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    • Post n°3

    Treasury Bill auction held on 20 August 2014 Empty Re: Treasury Bill auction held on 20 August 2014

    Post by stocks hunter Wed Aug 20, 2014 4:38 pm

    @SLS,

    That's why I have focused once again towards ESL the company which is at the top front to get this benefits. After that only it follows down the line.
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    rainmaker
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    • Post n°4

    Treasury Bill auction held on 20 August 2014 Empty Re: Treasury Bill auction held on 20 August 2014

    Post by rainmaker Wed Aug 20, 2014 5:35 pm

    It's a vicious cycle. High liquidity in the banking sector drives banks to put money in T bills (ie Central Bank).

    This (eventually) results in low money supply which drives the interest rate up (the intebank rate when one bank needs cash to lend). ..... Just saying  Wink Wink 
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    • Post n°5

    Treasury Bill auction held on 20 August 2014 Empty Re: Treasury Bill auction held on 20 August 2014

    Post by slstock Wed Aug 20, 2014 5:47 pm

    Time for some banks , companies with cash enhance their Equity portfolios ( calculated risk) without parking in low rate options.

    rainmaker wrote:It's a vicious cycle. High liquidity in the banking sector drives banks to put money in T bills (ie Central Bank).

     
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    • Post n°6

    Treasury Bill auction held on 20 August 2014 Empty Re: Treasury Bill auction held on 20 August 2014

    Post by rainmaker Wed Aug 20, 2014 5:54 pm

    slstock wrote:Time for some banks , companies with cash  enhance their  Equity portfolios ( calculated risk)  without parking in low rate options.

    rainmaker wrote:It's a vicious cycle. High liquidity in the banking sector drives banks to put money in T bills (ie Central Bank).

     

    I strongly believe that the liquidity in the banking sector has been created by the large dollar issues of the recent past. It is taking time to process through the system since the banks are risk averse.

    Otherwise the new lending should result in an increase in imports, liquidity and eventually the interest rate
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    stocks hunter
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    • Post n°7

    Treasury Bill auction held on 20 August 2014 Empty Re: Treasury Bill auction held on 20 August 2014

    Post by stocks hunter Wed Aug 20, 2014 5:59 pm

    @Rain,

    No that is not correct. Bank interests rates go up purely due to credit demand. still there's no credit demand in the country. So all the money that the public is depositing in banks/financial companies just laying at CBSL.

    Repo/Reverse Repo rates, T bill ,T bond rates gives us an indication of the interest rate changes. For the time being - Until end of this year every thing is going down ward direction.


    Last edited by stocks hunter on Wed Aug 20, 2014 6:31 pm; edited 2 times in total
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    slstock
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    • Post n°8

    Treasury Bill auction held on 20 August 2014 Empty Re: Treasury Bill auction held on 20 August 2014

    Post by slstock Wed Aug 20, 2014 6:01 pm

    Rain, looking banks, credit growth seems dull upto June though. CB expects it to pick up in 2nd half of the year. Seems for some more months there is no threat of interest rate going up right? Actually the talk about putting it further down according to Cabral.


    rainmaker wrote:
    slstock wrote:Time for some banks , companies with cash  enhance their  Equity portfolios ( calculated risk)  without parking in low rate options.

    rainmaker wrote:It's a vicious cycle. High liquidity in the banking sector drives banks to put money in T bills (ie Central Bank).

     

    I strongly believe that the liquidity in the banking sector has been created by the large dollar issues of the recent past. It is taking time to process through the system since the banks are risk averse.

    Otherwise the new lending should result in an increase in imports, liquidity and eventually the interest rate
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    stocks hunter
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    • Post n°9

    Treasury Bill auction held on 20 August 2014 Empty Re: Treasury Bill auction held on 20 August 2014

    Post by stocks hunter Wed Aug 20, 2014 6:47 pm

    Sri lanka's foreign reserves also plays a major role in governing mkt int rates.

    At the movement we are at the history high levels. 2014 is quite safe year for every body.

    http://www.lankabusinessonline.com/news/sri-lankas-foreign-reserves-at-us$8.9bn-in-april-2014/1865229795

    http://www.tradingeconomics.com/sri-lanka/foreign-exchange-reserves

    http://www.businessweek.com/videos/2014-08-14/sri-lankas-cabraal-on-economy-central-bank-policy

    What is actually happening in banks now is converting high interest rate loans to present low rates. In real terms no growth is their. We could see only a very small growth in retail credit for the time being.
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