Tuesday July 23, 2019

Sri Lanka rupee closes weaker, bond yields stable

Apr 24, 2019 17:18 PM GMT+0530 | 0 Comment(s)


ECONOMYNEXT- Sri Lanka's rupee closed weaker at 174.90/30 to the US dollar in the spot market on Wednesday, while bond yields were stable following an auction, dealers said.

The rupee had closed at 174.50/90 to the US dollar in the spot market on Tuesday.

Liquidity in the overnight market fell to 27.33 billion rupees on Wednesday, from 36.37 billion rupees on Tuesday.

In a primary auction, the state debt office sold 25 billion rupees in bills, split into 4 billion rupees in 3-month, 5 billion rupees in 6-month and 16 billion rupees in 12-month maturities, after receiving bids up to 64 billion rupees.

Twelve month bills average weighted yield remained stable from last week, while the yield for the 03-month bills fell 6 basis points to 8.94 percent and 06-month bills yield was down 5 basis points to 9.14 percent.

In the secondary market, there was some activity, with stable yields, dealers said.

Twelve-month bills closed at 9.75/95 percent on Wednesday, up from 9.70/00 percent at Tuesday's close.

A bond maturing on 01.08.2021 closed at 10.35/45 percent, unchanged from the previous close.

A 5-year bond maturing on 15.03.2024 closed at 10.90/92 percent, stable from 10.90/95 percent at the previous close.

A bond maturing on 01.08.2026 closed at 10.95/10 percent, unchanged from Tuesday.

A bond maturing on 15.01.2027 closed at 11.10/19 percent, down from 11.15/20 percent. 

A 10-year bond maturing on 01.05.2029 closed at 11.20/25 percent, stable from 11.20/30 percent at the previous close. (Colombo/Apr24/2019-SB)


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