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Sri Lanka bond yields gain

ECONOMYNEXT- Sri Lanka bond yields were up amid moderate trading, dealers said.

Buying and selling rates of a US dollar in Telegraphic Transfers (TT) as at 18th May was 184.7400 and 189.9400 rupees respectively.

Sri Lanka’s rupee closed at 187.90/188.10 in the spot market Friday.

Liquidity in the overnight money market was 103.31 billion declining from 120.94 billion rupees on Monday.

Banks deposited 127.27 billion rupees in central bank’s excess liquidity window.

The one month Sri Lanka Inter Bank Offer Rate (SLIBOR) rate was 6.40.

In the secondary bond market, yields gained in moderate trading, dealers said, with high liquidity seen in 2024 maturities.

A bond maturing on 10.08.2021 closed at 7.10/20 percent on Monday, up from 6.95/7.05 percent on Friday.

A 2-year bond maturing on 01.10.2022 closed at 7.80/88 percent unchanged from 7.80/90 percent.

A bond maturing on 15.01.2023 closed at 8.05/13 percent Monday gaining from 8.03/07 percent.

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A bond maturing on 15.09.2024 closed at 8.62/68 percent on Monday, gaining from 8.50/60 percent on Friday.

A bond maturing on 15.10.2027 closed at 8.88/96 percent, gaining from 8.85/90 percent Friday.

(Colombo/May18/2020)

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