Sri Lanka bonds slightly higher after holiday
ECONOMYNEXT – Sri Lanka’s government bond yields, which fell steadily after a rate hike on March 24, have started to move up over the last week, but are still below levels seen before the rate hike, dealers said.
Bond yields eased on confidence and expectations of a sovereign bond sales quickly. Yields rose before the rate hike, with foreign selling on bonds, which eased after the hike, dealers said.
Rates then started to move up from around last Wednesday, dealers said, with a new deal with the International Monetary Fund still in the works.
However, most bond yields are still below the day of the rate hike.
A selection of bond yields on April 18 are given below:
2-year bond maturing on 01.07.2019 bond quoted at 11.75/90 against 12.12/25 on March 23.
3-year bond maturing on 01.05.2020 bond quoted at 11.90/12.10 against 12.80/13.00
4-year bond maturing on 15.12.2021 bond quoted at 12.25/35 against 12.85/92
5-year bond maturing on 01.10.2022 bond quoted at 12.55/65 against 13.05/13.20
7-year bond maturing on 01.01.2024 bond quoted at 12.65/75 against 13.10/13.20
9-year bond maturing on 01.08.2026 bond quoted at 12.70/90 against 13.12/13.17
13-year bond maturing on 15.05.2030 bond quoted 12.75/13.00 percent against 13.15/13.35. (Colombo/Apr18/2017)