Sri Lanka bond yields up on selling pressure, rupee firmer
Jan 03, 2019 10:26 AM GMT+0530 | 0 Comment(s)
ECONOMYNEXT - Sri Lanka's rupee was slightly firmer on Thursday from a day earlier, while bond yields were up, dealers said.
The rupee opened around 182.88/182.95 this morning, stronger from 182.85/183.00 against the US dollar in the spot market from yesterday's close.
Overnight call money rates were flat around 8.95/9.00 levels. Liquidity was tight in overnight markets, traders said.
In the repo market bids were made around 8.90 percent while offers were around 9 percent.
A spurt of trading mid-morning saw bond yields tighten, dealers said.
The 12-month bills were trading flat around 10.80/90 percent levels, traders said.
A bond maturing on 15.12.21 was quoted at 11.35/40 percent, up from 11.30/35 from Wednesday's close on selling pressure.
A bond maturing on 15.7.23 was quoted around 11.50/60, slightly up from 11.55/45.
A bond maturing on 1.8.26 was quoted at 11.62/65, sharper from 11.55/65, at yesterday's close. (Colombo/Jan03/2019 Updated at 11:21)