Sri Lanka rupee closes weaker, gilt yields down
ECONOMYNEXT – Sri Lanka’s rupee closed weaker at 192.50/194.00 in the spot next market against the US dollar on Tuesday, while bond yields eased on continued buying pressure after Monday’s bond auction.
Rupee last closed at 192.00/193.00 to the US dollar on Monday.
Central Bank’s first policy review meeting will be held next week.
In bond markets gilt yields were down in buying sentiment, dealers said.
A 2-year bond maturing on 15.12.2022 closed at 5.30/40 per cent on Tuesday, down from 5.47/50 per cent at Monday’s end.
A bond maturing on 15.01.2023 closed at 5.37/42 per cent on Tuesday, down from 5.48/53 per cent at last closing.
A bond maturing on 15.09.2024 closed at 6.20/23 per cent on Tuesday, down from 6.26/30 down from 6.30/35 per cent at the previous day’s end.
A bond maturing on 01.05.2025 closed at 6.35/45 per cent on Tuesday, plunging from 6.45/53 per cent at Monday’s end.
A bond maturing on 01.02.2026 closed at 6.58/60 per cent, slipping from 6.60/65 at the last closing.
A bond maturing on 15.08.2027 closed at 7.05/15 per cent on Tuesday, up from 7.02/12 per cent.
A bond maturing on 01.07.2028 closed at 7.20/40 per cent on Tuesday, up from 7.15/30 per cent.
A 10-year bond maturing on 15.05.2030 closed at 7.55/75 per cent, down from 7.65/85 per cent Monday.