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Sri Lanka rupee ends firmer, bond yields edge up

ECONOMYNEXT- Sri Lanka’s rupee closed stronger at 180.25/35 on Wednesday while gilt yields were up marginally from Friday’s close, dealers said.

The rupee closed at 180.45/50 to the greenback on Friday, while Monday and Tuesday were market holidays.

Overnight money market liquidity remained stable at 7.40 billion rupees. The central bank injected 13.5 billion rupees at 7.54 percent through an overnight reverse repo auction.

Another 4.5 billion rupees was injected as seven-day at 7.6 percent.

At the weekly bill auction on Wednesday, twelve month Treasury Bill yields rose 10 basis points to 8.51 percent.

In the secondary bond market, yields gained in moderate trade after the weekly auction, dealers said.

A bond maturing on 15.12.2021 closed at 8.70/85 on Wednesday, up from 8.65/75 at Friday’s close.

A bond maturing on 15.07.2023 closed at 9.68/78 percent, up from 9.65/75 percent.

A bond maturing on 15.09.2024 closed at 10.02/10.10 percent, marginally down from 10.03/10.07 percent.

A bond maturing on 15.10.2027 closed at 10.30/35 percent, up from 10.27/32 percent.





A 15-year bond maturing on 15.09.2034 closed at 10.70/75 percent, gaining from 10.65/75 percent. (Colombo/Nov13/2019)

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