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Monday May 10th, 2021
Bonds & Forex

Sri Lanka rupee closes weaker, bond yields stable ahead of auction

ECONOMYNEXT- Sri Lanka’s rupee closed weaker at 181.40/55 to the US dollar on Monday, while bond yields were stable ahead of a 55 billion rupee bond auction on Tuesday, dealers said.

Sri Lanka rupee closed at 181.30/45 to the greenback on Friday.

In the overnight money market, liquidity increased by 5 billion rupees to 18.11 billion rupees on the back of higher bank deposits through the central bank window.

There were no bids for a 5 billion rupee overnight repo auction.

In the secondary bond market, yields were steady ahead of a 55 billion rupee bond auction to be held on Tuesday, where the public debt department will offer 40 billion rupees in bonds maturing on 15.10.2027 and 15 billion rupees of bonds maturing on 15.08.2039.

A bond maturing on 15.12.2021 closed flat at 8.60/70 percent on Monday.

A bond maturing 15.07.2023 closed at 9.55/60 percent on Monday, easing from 9.57/60 percent on Friday.

A bond maturing on 15.09.2024 closed at 9.92/96 percent, stable from 9.92/95 percent.

A bond maturing on 15.06.2027 closed at 10.15/20 percent, down from 10.20/25 percent.

A 15-year bond maturing on 15.09.2034 closed at 10.60/68 percent, easing from 10.62/68 percent. (Colombo/28Oct/2019)

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