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Sri Lanka rupee closes firmer, bond yields ease

ECONOMYNEXT – Sri Lanka closed firmer at 184.20/30 to the US dollar on Friday while bond yields eased marginally in the overall market, dealers said.

The rupee closed at 184.45/60 against the greenback on Thursday.

In the overnight money market, liquidity was 173.61 billion rupees on Thursday up from 183.80 billion rupees from the previous day’s close.

Banks deposited 173.61 billion rupee in excess liquidity window on Friday, Central bank data showed.

In the secondary securities market, bond yields eased marginally while the overall the market was active, dealers said.

A 2-year bond maturing on 15.12.2022 closed at 5.50/57 per cent on Friday, down from 5.52/57 cent at Thursday’s closing.

A bond maturing on 15.01.2023 closed at 5.55/60 per cent Friday up from 5.53/58 the last closing.

A bond maturing on 15.09.2024 closed at 6.02/07 per cent, up from 6.00/10 per cent at the previous closing.

A bond maturing on 01.05.2025 closed at 6.30/35 per cent, up from 6.28/35 per cent at the last closing.

A bond maturing on 01.02.2026 closed at 6.50/55 per cent on Friday, down from 6.55/60 per cent at Thursday’s end.

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A bond maturing on 15.08.2027 closed at 6.80/88 per cent on Friday, stable from 6.80/87 per cent at the previous day’s end.

A bond maturing on 01.07.2028 closed at 7.05/15 per cent, unchanged from 7.05/15 per cent at the previous day’s end.

A 10-year bond maturing on 15.05.2030 closed at 7.30/50 per cent down  from 7.35/45 per cent from the previous day’s end. (Colombo/Oct16/2020)