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Wednesday October 5th, 2022

Sri Lanka bond yields edge down; guidance peg strengthens

ECONOMYNEXT – Yields in Sri Lanka’s risk free treasury bonds closed lower and treasury bills remained steady on moderate trade on Wednesday after a weekly bill auction, while guidance peg on interbank spot trading strengthened, dealers said.

The three months’ bill yield closed at 26.30/27.00 almost steady from 26.30/27.30 percent from Tuesday’s close.

The one-year T-bill yield closed at 28.25/29.00 steady from 28.00/29.00 percent from Tuesday’s close.

A bond maturing on 01.06.25 closed at 27.65/75 percent, down from 27.90/27.95 percent at last closing.

“The market was a bit positive after the bill auction,” a dealer said.

“With the political stability in the country hopefully it will continue,” he said referring to President Ranil Wickremesinghe’s policy statement on Wednesday in which he revealed the plans for economic survival.

unchangedA guidance peg announced by Sri Lanka’s central bank for interbank transactions strengthened by seven cents to 360.93 rupees against the US dollar on Wednesday from 361.00 rupees.

Commercial banks offered dollars for telegraphic transfers at rates between 368.00 and 370.00 for small transactions on August 3, data showed. (Colombo/ Aug 03/2022)

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