ECONOMYNEXT – Sri Lanka’s bond yields eased on active trade, dealers said while guidance peg was 363 against the US dollar.
The Central Bank’s guidance peg for interbank transactions was 363.00 against US dollar, easing from the previous day’s 363.50 rupees against the US dollar.
The kerb rate for the US dollar was 371.00/372.50 down from 371.50-373.00 last week.
In secondary market, long tenure bond yields has got buying interest towards the latter part of the market.
A bond maturing on 15.01.2028 ended at 30.00/30.40 percent on Friday, easing from 30.60/31.00 percent on Thursday.
A bond maturing on 15.07.2029 closed at 28.90/29.00 percent on Friday, up from 29.50/30.50
A bond maturing on 01.07.2032 had got only bids at 29.00 percent but there was not offers.
Short tenure maturities were dull in the market.
A bond maturing on 01.07.2025 closed on Thursday at 31.00/30 percent.
The three-month T-bills closed at 32.90/33.05 percent, narrower from 32.95/33.00 percent.
In the weekly analysis report issued by the Fitch ratings said, in the secondary market buying interest was largely witnessed during the week possibly due to the improvement in banking system liquidity and speculation on a policy rate easing.
Commercial banks offered dollars for telegraphic transfers between 371.60 and 372.10 for small transactions, data showed.
Buying rates are between 361.00 – 362.00 rupees. (Colombo/Nov 25/2022)