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Sri Lanka bond yields open flat

ECONOMYNEXT – Sri Lanka’s bond yields were flat  Wednesday on moderate trading, dealers said.

Sri Lanka’s rupee closed around 188.25/45 to the US dollar Tuesday hardly changed form a day earlier after being actively quoted, dealers said.

In the secondary government securities market, bond yields were flat in moderate trading with liquidity centered on 2024 maturities, dealers said.

Sri Lanka has sold 35 billion rupees in 2023 and 2028 bonds after offering 50 billion rupees at a bond auction yesterday.

The debt office sold 30 billion rupees in 2-year, 8-month bonds maturing on January 15, 2023 after offering 30 billion.

The debt office also sold 5.605 billion rupees of 8-year 2 month bonds maturing 01 July 2028 at 8.85 percent after offering 20 billion rupees.

A bond maturing on 10.08.2021 was quoted at 6.95/05 percent down from 7.00/10 percent from Tuesday.

A 2-year bond maturing on 01.10.2022 was quoted at 7.75/85 percent declining from 7.77/83 percent at Tuesday’s close.

A bond maturing on 15.01.2023 was quoted at 8.03/05 percent up from 8.02/07 percent.

A bond maturing on 15.09.2024 was quoted at 8.50/52 percent on Wednesday unchanged from 8.50/55 percent yesterday.

A bond maturing on 15.10.2027 was quoted at 8.82/84 percent, down from 8.80/90 percent Tuesday.

(Colombo/May13/2020)

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