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Sri Lanka rupee ends firm, gilt yields steady

ECONOMYNEXT – Sri Lanka rupee closed stronger at 184.45/55 against the US dollar on Friday while bond yields were steady in today’s 100 billion rupees bond auction momentum, dealers said.

The rupee ended at 184.65/80 rupees against the greenback on Thursday.

In the secondary government securities markets, bond yields were flat from yesterday’s closing due to today’s bond auction, dealers said.

The dealers said the auction was successful with all bonds offered were accepted in line with the market rates.

Sri Lanka’s debt office is offered up 100 billion rupees worth of bonds in an auction today.

The 1.10.2023 and 1.02.2026 bonds were fully subscribed while the long tenor 01.07.2028 bond offering 30 billion rupees were unsold by 3.5 billion rupees.

A 2-year bond maturing on 15.12.2022 closed flat 5.45/50 per cent on Friday from Thursday’s closing.

A bond maturing on 15.01.2023 closed at 5.50/53 per cent, up from 5.47/53 per cent at yesterday’s close.

A bond maturing on 15.09.2024 closed at 6.00/07 per cent, stable from 6.00/05 per cent at previous day’s closing.

A bond maturing on 01.05.2025 closed unchanged from 6.30/40 per cent at the previous day’s closing.

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A bond maturing on 01.02.2026 closed at 6.50/58 per cent, stable from 6.50/53 per cent at its previous close on Thursday.

A bond maturing on 15.08.2027 closed at 6.80/90 per cent on Friday, unchanged from 6.80/90 per cent at previous day’s closing.

The new bond maturing on 01.07.2028 closed at 7.00/7.10 per cent.

A 10-year bond maturing on 15.05.2030 closed at 7.22/32 per cent, marginally up from 7.20/30 per cent at the previous day’s closing. (Colombo/ Sep11/2020)

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