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Sri Lanka rupee ends firmer, bond yields down

ECONOMYNEXT – Sri Lanka’s rupee closed firmer at 175.55/65 rupees to the US dollar in the spot market Wednesday, while bond yields fell, market participants said.

The rupee closed at 175.65/75 against the greenback on Monday.

Liquidity in the overnight money market was 18.9 billion rupees, up from 27.56 billion rupees previous day.

In the government securities market, bond yields were down, dealers said.

The market fell afterthe weekly bill auction and has adopted a wait-and-see strategy on the monetary policy meeting tomorrow, dealers said.

A bond maturing on 15.10.2021 closed at 9.90/95 percent on Wednesday, up from 9.05/10 on Monday’s close.

A bond maturing on 15.03.2023 closed at 9.50/53 percent, down from 9.58/62 percent.

A bond maturing on 15.6.2024 closed at 9.75/80 percent, down from 9.82/84 percent.

A bond maturing on 01.08.2026 closed at 10.02/07 percent, declining from 10.05/12 percent.

A bond maturing on 15.01.2027 closed at 10.08/12 down from 10.12/17 percent on yesterday’s close.





A 10-year bond maturing on 01.05.2029 closed at 10.15/22 percent, down from 10.23/25 percent.
(COLOMBO, 10 July, 2019)

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