Sri Lanka rupee, bond yields ends stable

ECONOMYNEXT- Sri Lanka’s rupee closed steady at 181.65/70 to the US dollar in the spot market on Wednesday while bond yields remained stable, dealers said.

The rupee ended at 181.65/75 to the greenback on Tuesday.

Liquidity in the overnight money market was 58.56 billion rupees up from 33.18 billion rupees.

Banks deposited 48.57 billion rupees through Central Bank’s excess liquidity window.

Central Bank mopped up 10.00 billion rupees at 6.99 percent in an overnight repo auction.

In the government securities market, bond yields were stable in moderate trade.

Sri Lanka’s debt office auction 27.00 billion rupees split in to 7.00 billion rupees maturing in 3-months, 7.5 billion rupees maturing in 9-months and 12.5 billion rupees maturing in 12-months.

The debt office said the auction yields eased with twelve-month Treasury bill yields falling 2 basis points to 8.58 percent while 6-month bill yields held flat at 8.06 percent, and 3-month bills fell 2 basis points to 7.42 percent.

Primary auction yields had risen in the two preceding weeks.

Dealers said that the 2024 maturity remained liquid.

A bond maturing on 15.12.2021 closed at 8.75/9.00 percent on Wednesday, easing from 8.85/05 percent in its previous close.

A bond maturing on 01.09.2023 closed at 9.40/50 percent, stable from 9.40/55 percent from at its previous close.

A bond maturing on 15.09.2024 closed at 9.68/75 percent, from 9.70/75 percent at Tuesday’s close.

A bond maturing on 15.10.2027 closed at 9.85/95 percent, steady from 9.85/10.00 percent at Tuesday’s close.

A bond maturing on 15.05.2030 closed 9.90/10.20 percent, falling from 9.95/10.20 percent at yesterday’s close.

A bond maturing on 15.09.2034 remained unchanged at 9.90/10.20 percent from its last close. (Colombo/Feb26/2020)

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