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Sri Lanka rupee ends firmer, bond yields ease

ECONOMYNEXT – Sri Lanka rupee closed stronger at 186.55/65 to the US dollar on Tuesday while bond yields continued to fall in mixed market trade, dealers said brokers said.

Rupee closed on Monday at 186.60/70 against the greenback.

Liquidity in the overnight money market was 204.74 billion rupees on Tuesday, marginally up from the previous day’s close.

There was no repo auction for the day.

In the secondary government securities market, yields came down in an active market, dealers said.

Dealers said that almost all maturities were highly liquid while bond yields eased in the morning market trade however it picked up before close.

Sri Lanka’s debt office is offering 27 billion rupees up in a weekly auction to be held tomorrow. The bills will be split in to 7.5 billion rupees maturing in 3-months, 3.5 billion rupees maturing in 9-months, and 16 billion rupees maturing in 12-months.

A 2-year bond maturing on 15.12.2022 closed at 6.15/23 percent on Tuesday, sliding from 6.18/23 percent at Monday’s end.

A bond maturing on 15.01.2023 closed at 6.25/33 percent, stable from 6.25/30 percent.

A bond maturing on 15.09.2024 closed at 6.88/95 percent, easing from 6.90/7.00 percent at the previous day’s close.

A bond maturing on 01.05.2025 closed at 7.05/15 percent on Tuesday, down from 7.10/17 percent at yesterday’s end.

A bond maturing on 01.02.2026 closed at 7.17/25 percent, down from 7.25/30 percent at Monday’s end.

A bond maturing on 15.10.2027 closed at 7.30/40 percent, down from 7.35/45 percent at the previous day’s close.

(Colombo/June23/2020)

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