Sri Lanka rupee close firmer, gilt yields flat

ECONOMYNEXT – Sri Lanka rupee closed firmer at 184.15/35 to the US dollar on Friday while bond yields were flat, dealers said.

The rupee closed at 184.35/45 against the greenback on Thursday.

Sri Lanka continued to detect COVID-19 infection cases with a new sub-cluster being identified in the Country’s biggest fish market in Peliyagoda.

Now the Divulapitya cluster identified on October 03 has grown to 3426 as of today (23) with 609 infection cases found across the country.

Even though the country is not under lockdown, the officials have taken a data-based lockdown process, imposing curfews in high-risk areas. While Sri Lanka’s government claimed that it is a leader in battling the Coronavirus compared to many other countries, Health Minister Pavithra Wanniarachchi told Parliament today as she closed the day-long debate on the current second wave of infections which has engulfed much of the island.

Meanwhile, liquidity in the overnight money market was 203.11 on Thursday, marginally down from 203.34 billion rupees.

In the secondary securities market bond yields were flat from yesterday’s close in a dull market, dealers said.

The bond market ended the week with very limited activities and low trades as investors remained on sidelines amidst the prevailing uncertainty, FirstCapital Research said in its daily market report.

A 2-year bond maturing on 15.12.2022 closed at 5.55/65 per cent on Friday, unchanged from 5.55/65 per cent at Thursday’s closing.

A bond maturing on 15.01.2023 closed at 5.60/70 per cent on Friday, flat from the last closing.

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A bond maturing on 15.09.2024 closed at 6.07/15 per cent, up from 6.05/15 per cent at the previous closing.

A bond maturing on 01.05.2025 closed at 6.35/43 per cent on Friday, flat from 6.35/45 per cent at its last closing.

A bond maturing on 01.02.2026 closed at 6.55/62 per cent on Friday, down from 6.57/63 per cent.

A bond maturing on 15.08.2027 closed at 6.85/93 per cent, unchanged from 6.85/93 per cent yesterday.

A bond maturing on 01.07.2028 closed at 7.05/13 per cent, flat from 7.05/10 per cent at yesterday’s closing.

A 10-year bond maturing on 15.05.2030 closed at 7.35/45 per cent, stable from the previous day’s end. (Colombo/Oct23/2020)

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