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Sri Lanka bond yields fall, stocks open higher

ECONOMYNEXT – Sri Lanka’s bond yields fell Tuesday following statements that the ruling coalition will continue with a cabinet re-shuffle, stocks opened higher and the rupee was flat, dealers and brokers said.

Bond yields were marginally down and quotes were narrower, dealers said.

A 3-year bond maturing on 01.05.2021 was quoted at 9.70/78 down from yesterday’s 9.75/85 percent.

An 8-year bond maturing on 01.08.2026 was quoted at 10.22/25 down from yesterday’s 10.25/30 percent

A 12 year bond maturing on 15.03.2030 was quoted at 10.25/30 down from yesterday’s 10.35/50 percent.

Bond yields have been rising from mid-January, especially after President Maithripala Sirisena said he was taking over economic policy from the United National Party.

In forex markets the rupee was quoted at 155.35/55 to the US dollar in the spot market, around the same level as Monday’s closing.

The Colombo All Share Index was up 0.19 percent in the first 45 minutes trading. (Colombo/Feb20/2018)

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