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Sri Lanka rupee ends firmer, bond yields down

ECONOMYNEXT – Sri Lanka rupee closed higher at 186.30/45 to US dollar in the spot market on Thursday while bond yields eased, dealers and brokers said.

Sri Lanka rupee ended at 186.60/70 to the greenback on Wednesday’s close.

Liquidity in the overnight money market was 209.13 billion rupees on Thursday, up from 207.39 billion rupees at the previous day’s close.

In the secondary government securities market, bond yields fell in active trade, dealers said.

First Capital Research said aggressive buying interest was seen across the yield curve whilst overall market witnessed high volumes

All maturities starting from 2022 to 2026 were seen highly liquid in the market, dealers said.

A 2-year bond maturing on 15.12.2022 closed at 5.75/83 percent on Thursday, plunging from 5.95/6.03 percent on Wednesday’s end.

A bond maturing on 15.01.2023 closed at 5.83/93 percent, down from 6.05/15 percent.

A bond maturing on 15.09.2024 closed at 6.38/45 percent, slipping from 6.63/70 percent at the previous day’s close.

A bond maturing on 01.05.2025 closed at 6.60/70 percent on Thursday, down from 6.83/90 percent at yesterday’s end.

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A bond maturing on 01.02.2026 closed at 6.70/85 percent, easing from 6.95/7.05 percent at Wednesday’s end.
95/05
A bond maturing on 15.10.2027 closed at 6.95/7.05 percent, down from 7.10/20 percent at the previous day’s close.

(Colombo/June25/2020)

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