Thursday June 27, 2019
sub

Sri Lanka bonds dull, rupee steady

Jan 07, 2019 09:09 AM GMT+0530 | 0 Comment(s)

ECONOMYNEXT - Sri Lanka's rupee opened around 182.60/90 to the US dollars in the spot market Monday, around the same level as Friday's closing, and there were no active trading in bond markets, dealers said.

In money markets call money was 8.98/9.00 percent and gilt backed repos were around 8.98 bid with no offers dealers said.

On Friday banks borrowed 115 billion rupees from the overnight window at 9.0 percent from the central bank amid a liquidity shortage created by currency defence by the cenral bank. In addition to the spot market, the central bank has also defended the currency in forward markets through legacy and new swaps.

Bond yields were flat marginally down in the first hours of trading on Monday.

Twelve month bills were quoted around 10.70/80 percent Monday but no firm quotes in early trade, dealers.

A bond maturing on 15.12.2021, was quoted at 11.25/35 percent Monday, slightly wider from 11.28/33 percent Friday, dealers said.

A bond maturing on 15.07.2023, was quoted at 11.50/60 percent, flat.

A bond maturing on 01.08.2026 bond was quoted around at 11.60/11.68 from Friday's 11.60/65 percent, dealers said. (Colombo/Jan04/2019)


 

Name *
Email *
Designation
Company
Telephone Number