Sunday July 21, 2019

Sri Lanka rupee ends firmer, bond yields fall

Apr 10, 2019 17:08 PM GMT+0530 | 0 Comment(s)

ECONOMYNEXT- Sri Lanka's rupee closed at 174.65/75 to the US dollar in the spot market Wednesday gaining from a day earlier, while bond yields fell in active trading, market participants said.

The rupee closed at 174.70/85 to the US dollar in the spot market on Tuesday, and had opened at 174.75/85 Wednesday morning.

The government securities market was active before and after a bills auction, dealers said.

At the primary bill auction on Wednesday, weighted average yields on 12-month bills fell 16 basis points, continuing a downward trend for the seventh consecutive week.

The public debt office raised 25 billion rupees in 3-month, 6-month and 12-month maturities.

Yields in the secondary market fell in the afternoon session, after opening around the same levels in the morning.

In the secondary market, twelve month bills closed at 9.85/00 percent on Wednesday, down from 10.00/15 percent at Tuesday's close.

A newly issued bond maturing on 15.03.2022 closed at 10.45/50 percent, down from 10.55/60 percent.  
A bond maturing on 15.07.2023 closed at 10.75/80 percent, down from 10.80/85 percent. 

A 5-year bond maturing on 15.03.2024 closed at 10.85/88 percent, down from 10.90/95 percent. 
A bond maturing on 01.08.2026 closed at 10.95/00 percent, down from 11.00/10 percent.

New bond maturing on 15.01.2027 closed at 11.05/12 percent, down from 11.10/17 percent.  

A bond maturing on 01.05.2029 closed at 11.25/30 percent, down from 11.27/33 percent.  (Colombo/Apr10/2019)


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