Sri Lanka rupee ends firmer, bond yields edged up
ECONOMYNEXT – Sri Lanka’s rupee ended stronger at 179.75/85 against the US dollar on Tuesday, while bond yields rose, dealers said.
The rupee closed at 179.60/75 against the greenback on Monday.
Liquidity in the overnight money market fell to 9.06 billion rupees, down from Monday’s 25.66 billion rupees as banks deposited less through the central bank window.
In the secondary bond market, gilt yields were marginally up in active trading, dealers said.
A bond maturing on 15.10.2021 closed at 8.75/85 percent on Tuesday, up from 8.70/80 percent at Monday’s close.
A bond maturing on 15.03.2023 closed at 9.60/67 percent, gaining from 9.52/60 percent. A bond maturing on 15.06.2024 closed at 9.90/95 percent, up from 9.78/82 percent. A bond maturing on 01.08.2026 closed at 10.05/10.10 gaining from 9.90/10.00 percent.
A bond maturing on 15.01.2027 closed at 10.05/10.15 percent, up from 9.95/10.05 percent. A bond maturing on 01.05.2028 closed at 10.05/20 percent, falling from 10.10/20 percent. A 20-year bond maturing on 15.08.2039 closed unchanged at 10.10/30 percent.(COLOMBO, 27 August 2019)