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Sri Lanka rupee ends firmer, gilt yields marginally up

ECONOMYNEXT – Sri Lanka rupee firm at 184.90/185.00 to the US dollar on Wednesday while bond yields marginally up, dealers said.

The rupee closed at 185.10/20 levels on Tuesday.

In the secondary securities market, bond yields traded marginally up in moderate market trade, dealers said.

FirstCapital Research daily report said “in the secondary bond market, yields continued the upward shift as market participants digested the recent country downgrade while continuing the selling spree recording limited activities with thin volumes.”

A 2-year bond maturing on 15.12.2022 closed at 5.85/90 per cent on Wednesday, up from 5.75/90 per cent at Tuesday’s closing.

A bond maturing on 15.01.2023 closed at 5.85/95 per cent, gaining from 5.80/95 per cent at yesterday’s close.

A bond maturing on 15.09.2024 closed at 6.42/48 per cent on Wednesday, stable from 6.42/50 per cent at Tuesday’s closing.

A bond maturing on 01.05.2025 closed at 6.70/80 per cent, up from 6.68/78 per cent.

A bond maturing on 01.02.2026 closed at 6.90/7.00 per cent, gaining from 6.87/97 per cent at previous day’s end.

A bond maturing on 15.08.2027 closed at 7.10/25 per cent, up from 7.05/15 per cent.

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A bond maturing on 01.07.2028 closed at 7.20/50 per cent, stable from 7.20/7.40 on Tuesday.

A 10-year bond maturing on 15.05.2030 closed at 7.40/50 per cent on Wednesday, stable from 7.40/60 per cent at Tuesday’s end.
(Colombo/Sep30/2020)