ECONOMYNEXT – Sri Lanka bond market remain quiet on Monday (29) with only a handful of bonds quoted on muted trading with the ongoing treasury bond auction, dealer said.
Sri Lanka’s debt office has offered 30 billion in bonds to be sold in an auction held on Monday (29).
Dealers said the market is quiet with the ongoing auction.
Bonds maturing on 15.03.2024 was quoted at 9.18/22 percent on Monday, steady from 9.17/22 percent on Friday.
A bond maturing on 01.12.2024 was quoted at 9.35/45, down from 9.38/45 percent on Friday.
A 1.02.2026 was quoted at 10.30/45 percent on Monday.
A bond maturing on 15.03.2031 was quoted at 11.80/88 percent on Monday, steady from 11.80/90 percent on Friday.
Sri Lanka’s central bank on Thursday (25) kept rates at the current levels maintaining the Standing Deposit Facility Rate (SDFR) at 5.00 percent and the Standing Lending Facility Rate (SLFR) at 6.00 percent.
Sri Lanka’s official inflation index moved up above 8.0 per cent in October, the highest since 2017, after two years of money printing which began around September 2014.
Prices of the island’s bakery items and street staples were increased over the weekend after a price increase in wheat flour.
The price of a kilogram of wheat flour had gone up by 18.50 rupees.
All Ceylon Bakery Association President N K Jayewardene said this is unprecedented because the prices go up only between five to ten rupees.
He said with the last month’s wheat flour price increase, the flour has gone up by 28 rupees.
A sack of flour is expected to rise by 875 rupees. This has triggered a price increase for Parata, rolls, egg-roti by 5.00 rupees and a street-food favourite ‘Kottu-roti’ price to be increased by 10 rupees while bread price to increase by 10 rupees.
“Parata, rolls, egg-roti will go up by 5.00 rupees, ” Sampath said. “Kottu-roti will go up by 10 rupees.”