Sri Lanka rupee closes weaker, bond yields rise

 ECONOMYNEXT- Sri Lanka’s rupee closed weaker at 174.50/70 to the US dollar in the spot market on Monday, while bond yields rose on selling pressure following the Easter Sunday bombings, dealers said.

The rupee had closed at Rs. 174.05/25 to the US dollar in the spot market on Thursday, which was the last trading day.

Dealers said bond yields rose on selling interest.

Prime Minister Ranil Wickremesinghe had said that there would be outflows from the government bond market, after blasts rocked Sri Lanka on Sunday.

Twelve month bills closed at 9.70/10.00 percent on Monday, stable from 9.70/80 percent at Thursday’s close.

A bond maturing on 15.03.2022 closed at 10.50/65 percent, up from 10.32/35 percent.

A 5-year bond maturing on 15.03.2024 closed at 10.90/00 percent, up from 10.68/74 percent.

A bond maturing on 01.08.2026 closed at 10.95/20 percent, up from 10.87/93 percent.

A 10-year bond maturing on 01.05.2029 closed at 11.20/35 percent, up from 11.08/15 percent. (Colombo/Apr23/2019-SB)

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