Sri Lanka rupee ends firmer, gilt yields flat
ECONOMYNEXT- Sri Lanka rupee closed marginally firmer at 181.65/75 to the US dollar in the spot market on Tuesday while bond yields remained flat, dealers said.
The rupee ended at 181.70/85 to the greenback on Monday.
Liquidity in the overnight money market was 33.18 billion rupees, down from 26.94 billion rupees at Monday’s close.
Banks deposited 33.19 billion rupees through Central Bank’s excess liquid window.
There were no repo auctions for the day.
In the government securities market, bond yields remained unchanged in dull trade while 2024 maturity remained liquid, dealers said.
Dealers said the market remained dull ahead of tomorrow’s bills auction.
Sri Lanka’s debt office is offering 27.00 billion rupees split in to 7.00 billion rupees maturing in 3-months, 7.5 billion rupees maturing in 9-months and 12.5 billion rupees maturing in 12-months, to be auctioned tomorrow.
A bond maturing on 15.12.2021 closed at 8.85/05 percent on Tuesday, easing from 8.95/05 percent at its previous close.
A bond maturing on 01.09.2023 closed at 9.40/55 percent, easing from 9.50/60 percent at the previous close.
A bond maturing on 15.09.2024 closed at 9.70/78 percent on Tuesday, steady from 9.70/80 percent at Monday’s end.
A bond maturing on 15.10.2027 closed unchanged at 9.85/10.00 from Monday’s close.
A bond maturing on 15.05.2030 closed at 9.90/10.20 percent, down from 9.95/10.20 percent at yesterday’s close.
A bond maturing on 15.09.2034 closed at 9.90/10.20 percent, falling from 10.10/10.30 percent.
Kithmina Hewage- Institute of Policy Studies