Sri Lanka rupee closes weaker, bond yields down

ECONOMYNEXT– The Sri Lanka rupee closed weaker at 180.70/80 to the US dollar on Wednesday, while bond yields eased, brokers and dealers said.

The rupee closed at 180.55/70 against the greenback in the spot market on Tuesday.

Banks deposited 71 billion rupees in the excess liquidity window of the Central Bank, up from 38.82 billion rupees a day earlier.

Sri Lanka’s debt office is offered 8.5 billion rupees split into 2 billion rupees maturing in 3-months, 1 billion rupee in 6-month maturity and 5.5 billion rupees in 12-months maturity in a weekly auction held today.

In the secondary bond market, gilt yields eased in moderate trading, dealers said.

A bond maturing on 15.10.2021 closed at 10.00/10.05 percent on Wednesday, stable from 10.00/10.10 percent at Tuesday’s close.

A bond maturing on 15.03.2023 closed at 9.80/90 percent, easing from 9.85/10.00 percent.

A new bond maturing on 15.09.2024 closed at 10.30/35 percent, falling from 10.35/40 percent.

A bond maturing on 01.08.2026 was quoted not quoted.

A bond maturing on 01.05.2028 was quoted not quoted.

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A 15-year bond maturing on 15.09.2034 closed at 10.90/95 percent, easing from 10.95/11.00 percent. (Colombo/Sep18/2019)