ECONOMYNEXT – Sri Lanka’s Treasury bond rates eased on Wednesday a day ahead of the Central bank’s monetary policy decisions for the first time after inflation slowed down while T-bill rates moved up in active trade, following the weekly T-bill auction, dealers said.
The State Minister of Finance, Shehan Semasinghe said that the government has not discussed stopping local debt repayments.
“There has been no discussion regarding domestic debt treatment. Therefore, I humbly ask all the MPs here, without doing or fact checking, do not comment on these things,” he told the parliament on Wednesday.
“Within this economic, if more facts are being publicized that create uncertainty we will fall even further.”
The market is also expecting some sort of a easing.
A bond maturing on 15.01.2028 ended at 30.50/80 percent on Wednesday, down from 30.75/31.00 percent on Tuesday.
A bond maturing on 01.07.2032 closed at 28.00/60 percent on Wednesday, down from 29.00/30 percent.
A bond maturing on 01.07.2025 closed at 30.95/31.10 percent down from 31.00/20 percent from the last close.
A bond maturing on 15.07.2029 closed at 29.00/26 percent, down from 30.00/30 percent.
The three-month T-bills closed at 32.90/33.10 percent up from the previous close of 32.00/30 percent.
The Central Bank’s guidance peg for interbank transactions remained unchanged at 363.50 rupees against the US dollar.
Commercial banks offered dollars for telegraphic transfers between 372.00 and 372.10 for small transactions, data showed.
Buying rates are between 362.00 – 362.10 rupees. (Colombo/Nov 23/2022)