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Sri Lanka gilt yields edge up at close

ECONOMYNEXT – Sri Lanka’s bond yields were up on Monday, stock market were closed and forex markets have seen only sporadic activity for some time, dealers said.

On Friday the rupee closed around closed around 191.50/192.25 in the one week forward market, though there were not active quotes in the spot market, dealers said.

Sri Lanka’s stock markets are closed due to a Coronavirus holiday.

The government debt office is issuing 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.

A bond auction of up to 220 million dollars of Sri Lanka development bonds in the tenures of 7 months, 1 year 4 months, 3 years and 4 years and 10 months also on Wednesday, the debt office said.

In the secondary government securities market, yields went up in moderate trading, dealers said.

Dealers also said that the 2024 maturities were more liquid.

A bond maturing on 15.12.2021 was quoted at 8.00/20 percent down from 8.75/95 percent on Friday.

A 2-year bond maturing on 01.10.2022 was quoted at 8.75/90 percent down from 9.05/15 percent.
A bond maturing on 01.09.2023 was quoted at 8.05/15 percent down from 8.95/9.00 percent.

A bond maturing on 15.09.2024 was quoted at 9.25/35 percent up from 9.10/15 percent on Friday.

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A bond maturing on 15.10.2027 was quoted at 09.55/65 percent up from 9.45/50 percent.

A bond maturing on 15.05.2030 was not quoted in early trade.

A bond maturing on 15.09.2034 was not quoted. It closed at 10.00/40 percent in its last close. (Colombo/ Mar30/2020)