Sri Lanka rupee closes weaker, bond yields marginally up

ECONOMYNEXT – Sri Lanka’s rupee closed weaker at 180.70/80 to the US dollar on Wednesday while bond yields gained marginally, dealers said.

The rupee closed at 180.20/40 against the greenback on Tuesday.

In the overnight money market, liquidity was 14.73 billion rupees, down from 17.89 billion rupees at Tuesday’s close.

In the secondary bond market, yields gained marginally in moderate trade, dealers said.

A bond maturing on 15.12.2021 remained unchanged at 8.65/75 on Wednesday from Tuesday’s close.

A bond maturing on 15.07.2023 closed at 9.60/70 percent down from 9.65/75 percent yesterday.

A bond maturing on 15.09.2024 closed at 10.03/10.08 percent, gaining from 10.00/10.02 percent on Tuesday.

A bond maturing on 15.10.2027 closed at 10.28/35 percent, up from 10.27/29 percent.

A 15-year bond maturing on 15.09.2034 closed at 10.65/75 percent, up from 10.63/68 percent at Tuesday’s close. (Colombo/Nov06/2019)