Sri Lanka rupee, bond yields close flat

ECONOMYNEXT- Sri Lanka’s rupee ends stable at 182.55/60 to the US dollar in the spot market on Wednesday while bond yields remained unchanged, dealers said.

The rupee ended at 182.55/65 to the greenback on Tuesday.

Liquidity in the overnight money market was 35.71 billion rupees, down from 38.57 billion rupees at the previous day’s close.

Banks deposited 35.72 billion rupees through Central Banks’ excess liquidity window.

There was no repo auction for the day.

In the government securities market, bond yields remained unchanged in moderate trade while 2024 maturities remained the most liquid, dealers said.

Sri Lanka’s debt office offered 32 billion rupees in a weekly auction held today split in to 9 billion rupees maturing in 3-months, 7 billion rupees maturing in 6-months and 16 billion rupees maturing in 12-months.

Three months’ maturity remained unchanged at the auction while 6-months and 12-months bills gained 2-basis points.

The debt office is also issuing 60 billion rupees treasury bonds to be sold in an auction held tomorrow.

Dealers said the market witnessed limited ahead of tomorrow’s bond auction while the foreign investors continued to exit the market.

A bond maturing on 15.12.2021 closed at 8.80/95 percent on Wednesday, stable from 8.80/9.00 percent at Tuesday’s close.

A bond maturing on 01.09.2023 closed at 9.30/40 percent, falling from 9.40/55 percent at the previous day’s close.

A bond maturing on 15.09.2024 closed at 9.60/70 percent, stable from 9.60/65 percent at Tuesday’s close.

A bond maturing on 15.10.2027 closed at 1.00/10.05 percent, up from 9.85/10.00 percent.

A bond maturing on 15.05.2030 closed at 9.90/20 percent, steady from 9.90/10.15 percent at Tuesday’s close.

A bond maturing on 15.09.2034 closed at 9.90/25 percent, up from 9.85/25 percent at the previous day’s end.
(Colombo/ Mar11/2020)

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