Sri Lanka rupee ends weaker, bond yields edge up
Jul 23, 2019 17:50 PM GMT+0530 | 0 Comment(s)
Sri Lanka's rupee closed weaker on Thursday, while bond yields edged up. Source: File Pic.
ECONOMYNEXT- Sri Lanka’s rupee closed weaker at 176.00/10 against the US dollar on Tuesday while bond yields gained marginally, dealers said.
The rupee closed 175.90/176.00 against the greenback on Monday.
Liquidity in the overnight money market was 40.04 billion rupees, down from 42.04 billion rupees a day earlier.
There were no overnight repo or term repo auctions.
In the secondary bond market, yields gained marginally in a moderate market, dealers said.
Short tenor maturities like 2021 and 2024 were the most liquid, dealers said.
A bond maturing on 15.10.2021 closed at 8.92/9.07 percent on Tuesday, easing from 8.85/95 percent on Monday.
A bond maturing on 15.03.2023 was unchanged from previous close 9.50/55 percent.
A bond maturing on 05.06.2024 closed at 9.82/85 percent, gaining from 9.78/82 percent.
A bond maturing on 01.08.2026 closed at 9.93/99 percent, edging up from 9.92/96 percent.
A bond maturing on 15.01.2027 closed at 10.00/10.05 percent, up from 9.96/10.00 percent.
A 10-year bond maturing on 01.05.2029 closed 10.05/15 percent, steady from 10.05/10.12 percent. (COLOMBO, 23 July 2019)