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Sri Lanka bond yields flat, rupee weaker

ECONOMYNEXT – Sri Lanka bond yields closed flat, while forex markets showed sporadic activity in one week forwards and stock markets were closed over Coronavirus, dealers said.

There were isolated deals at 191.50 rupees to the US dollar in one week forwards, dealers said.

There was no activity in the spot, dealers said.

The government debt office issued 30 billion rupees of Treasury bills split into six billion 3-month bills, 10 billion in 6-month bills and 14 billion 12-month bills on an auction on Wednesday.

Primary dealers made total bids of 54.92 billion rupees whereas the debt office sold 25 billion worth of securities with rates falling further since hitting a 4-year low on the last auction.

In the secondary government securities market, yields were flat in dull trading, dealers said.

Liquidity in the overnight money market was 53.23 billion rupees, down from 58.58 billion rupees on Monday.

Banks deposited 68.23 billion rupees in the central bank’s excess liquidity window.

Dealers also said that the 2024 maturities were more liquid.

A bond maturing on 15.12.2021 quoted 8.00/25 percent on Wednesday.

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A 2-year bond maturing on 01.10.2022 was quoted at 8.75/95 percent up from 8.80/95 percent.

A bond maturing on 01.09.2023 was quoted at 9.20/25 percent, stable from yesterday.

A bond maturing on 15.09.2024 was quoted at 9.25/38, down from 9.30/40 percent.

A bond maturing on 15.10.2027 was quoted at 9.55/75 percent unchanged from yesterday’s close.

A bond maturing on 15.05.2030 was not quoted.

A bond maturing on 15.09.2034 was not quoted. It closed at 10.00/40 percent in its last close.
(Colombo/ Apr01/2020)

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