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Sri Lanka bond market quiet ahead of policy announcement

ECONOMYNEXT – Sri Lanka’s bond markets were quiet Monday ahead of a monetary policy announcement, and the rupee was steady at 141 to the US dollars in forex markets, dealers said.

Sri Lanka’s bond yields fell across the board by around 50 to 60 basis points last week and picked up about 20 basis points Friday.

In bond markets, 2017 bond were quoted at 8.85/9.00 percent unchanged, 2020 bonds at 9.20/30 percent up from 9.00/05 percent levels Thursday dealers said.

Bond maturing in 2020 were quoted at 9.20/30 percent up from lowest around 9.00/05 on Thursday, 2023 bond sat 9.50/60, up from 9.30 percent levels, and 2025 bonds at 9.60 percent up from 9.40 levels Friday.

The rupee opened at 141.00/05 levels and rose to 140.98/141.00 levels, dealers said. (Colombo/Oct19/2015)

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