Sri Lanka rupee ends firmer, gilt yields steady after bond auction

ECONOMYNEXT- Sri Lanka’s rupee closed stronger at 180.80/90 to the US dollar in the spot market on Thursday while gilt yields remained unchanged, brokers and dealers said.

The rupee closed at 181.10/15 to the US dollar in the spot market on Tuesday.

Liquidity in the overnight money market was 9.62 billion rupees, down from 19.58 billion rupees on Tuesday.

Central Bank injected 14.30 billion rupees at 7.53 percent in an overnight reverse repo auction.

In another term reverse repo auction, Central bank injected 5 billion rupees at 7.61 maturing in 7-days and 19.7 billion rupees at 7.66 percent maturing in 14-days.

In the government securities market, bond yields remained steady in dull trade after the bond auction, dealers said.

Sri Lanka’s debt office offered 25 billion rupees in treasury bonds, split into 15 billion rupees in a 15.09.2024 bond and 10 billion rupees in 15.05.2030 maturity.

A bond maturing on 15.12.2021 closed at 9.65/90 percent on Thursday, gaining from 9.60/80 percent at Tuesday’s close.

A bond maturing on 15.07.2023 closed at 9.50/55 percent on Thursday, stable from 9.50/60 percent at Tuesday’s close.

An auctioned bond maturing on 15.09.2024 closed at 9.84/86 percent, edging down from the weighted average of 9.87 percent.

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A bond maturing on 15.10.2027 closed at 10.05/15 percent, falling from 10.10/15 percent.

An auctioned 10-year bond maturing on 15.05.2030 closed at 10.15/30 percent, compared to a weighted average of 10.23 percent.

A bond maturing on 15.09.2034 closed at 10.30/40 percent, stable from 10.30/35 percent. (Colombo/Dec12/2019)

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