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Sri Lanka bond yields down

ECONOMYNET- Sri Lanka bond yields were down amid active trade on Friday, dealers and brokers said.

Sri Lanka’s rupee gained to close around 186.40/50 to the US dollars in the spot market on Thursday, dealers said, amid the collapse in domestic demand from Coronavirus curfews and import controls.

Liquidity in the overnight money market was 75.9 billion rupees, down from 92.87 billion rupees on Thursday.

Banks deposited 88.33 billion rupees in central bank’s excess liquidity window.

In the secondary government securities market, bond yields were down, dealers said.

Dealers said that there was high liquidity in 2023 maturities.

A bond maturing on 10.08.2021 closed at 7.00/10 percent on Friday, unchanged from yesterday’s closing.

A 2-year bond maturing on 01.10.2022 closed at 7.60/65 percent down from 7.70/75 percent.

A bond maturing on 15.01.2023 closed at 7.88/93 percent Friday down from 7.95/98 percent.

A bond maturing on 15.09.2024 closed at 8.42/47 percent on Friday, down from 8.45/50 percent on Thursday.

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A bond maturing on 15.10.2027 closed at 8.80/85 percent, down from 8.82/88 percent Thursday.

(Colombo/May22/2020)

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