Category: Bills & Bonds

Market Watch: Central Bank tightens stance, sovereign yield rises

Market Watch: Central Bank tightens stance, sovereign yield rises

Dec 22, 2016 (LBO) – Sri Lanka’s Central Bank effectively tightened its monetary stance on Thursday by conducting a repo auction at 7.47 percent, above the Standing Deposit Facility Rate (SDFR) of 7 percent. The repo auction for around seven billion rupees absorbed excess liquidity in the market, which may signal an upward tick in […]

CCTV, new auction system among steps to strengthen bond trading: CB

CCTV, new auction system among steps to strengthen bond trading: CB

Nov 29, 2016 (LBO) – Sri Lanka’s Central Bank has taken several steps to improve supervision and regulation of the government securities market, the Central Bank governor said on Tuesday. “The Central Bank has been trying to address some very difficult issues in these areas,” Governor Indrajit Coomaraswamy said. Among steps taken, the Public Debt […]

Sri Lanka central bank considers revamping primary auctions

Sri Lanka central bank considers revamping primary auctions

Oct 21, 2016 (LBO) – Sri Lanka’s Central Bank is considering revamping the Primary Auction system for government securities, sources said. The proposed system would overhaul the auction bidding process and introduce non-competitive bidding so as to create a level playing field. The move likely follows heavy profits made by one primary dealer from government […]

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