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Sri Lanka rupee ends firmer, gilt yields down

ECONOMYNEXT – Sri Lanka rupee closed stronger at 185.25/35 against the US dollar on Wednesday while bond yields marginally fell, dealers said.

The rupee ended at 185.90/186.00 rupees against the greenback on Monday after the markets closed for Poya religious holiday on Tuesday.

In the secondary government securities markets, bond yields eased slightly in moderately active trade, dealers said.

Dealers said liquidity was seen in 2022 maturities.

In the weekly bills auction held, 40 billion rupees were offered and sold with less volumes sold at the short tend of the yield curve.

The debt office offered 6.0 billion rupees of 3-month bills and sold 3.5 billion rupees at an average yield of 4.52 percent, down from 4.56 percent a week earlier.

18.5 billion rupees of 6-month bills were sold after offering 14 billion rupees at an average yield of 4.67 percent, from 4.68 percent last week.

17.5 billion rupees of 12-month bills were sold after offering 20 billion at 4.89 percent, unchanged from last week.

A 2-year bond maturing on 15.12.2022 closed at 5.45/50 per cent on Wednesday, falling from 5.50/55 per cent at Monday’s closing.

A bond maturing on 15.01.2023 closed at 5.45/50 percent, down from 5.57/62 per cent at the previous closing.

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A bond maturing on 15.09.2024 closed at 6.00/10 percent, down from 6.08/13 per cent at Monday’s closing.

A bond maturing on 01.05.2025 closed at 6.30/40 percent, slipping from 6.35/42 per cent at the previous day’s closing.

A bond maturing on 01.02.2026 closed at 6.46/53 per cent, down from 6.48/55 from the previous close.

A bond maturing on 15.08.2027 closed at 6.80/87 percent, easing from 6.88/95 per cent on Monday’s closing.

A 10-year bond maturing on 15.05.2030 closed at 7.20/30 per cent, down from 7.27/33 per cent on the previous day’s closing. (Colombo/Sep02/2020)

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