ECONOMYNEXT – Sri Lanka bond market closed flat on dull trade on Friday (21), market dealers said.
“The two way quotes are very wide at the moment and there can be some direction after the next auction,” a dealer said.
Bond yield rose less than 50 basis point rate hike.
The central bank raised its rates by 50 basis points to ease the pressure on the currency and stabilize the external sector.
The central bank’s indicative spot rate was 202.7500 on Friday (21).
A bond maturing on 15.03.2025 closed at 11.00/40 percent up from 10.90/11.10 on Wednesday before the rate hike.
A bond maturing on 15.12.2027 closed at 11.50/12.00 from 11.35/55 on Wednesday.
A bond maturing on 15.09.2024 closed at 10.15/50 percent flat from Thursday. (Colombo/ Jan 21/2022)