Sri Lanka rupee ends flat, gilts yields up on profit taking

ECONOMYNEXT – Sri Lanka’s rupee closed steady at 176.30/45 to the US dollar in the spot market on Friday and gilt yields moved up, market participants said.

The rupee closed at 176.30/40 to the greenback on Thursday.
Liquidity in money markets grew to 15.8 billion rupees from 10.6 billion rupees a day earlier. 
The central bank mopped up 24.1  billion rupees in liquidity through term repos, while 15 billion rupees in term repos matured, and 12.8 billion rupees in inflows came from banks through the window.
In bonds, yields rose in an active market, dealers said.
After rates fell over the past few weeks, investors sought profits, leading to yields increasing, dealers said.
A bond maturing on 15.12.2021 closed at 9.40/55 percent on Friday, steady from 9.40/50 percent at Thursday’s close.

A bond maturing on 15.03.2023 closed at 9.85/95 percent, up from 9.80/88 percent.

A bond maturing on 15.03.2024 closed at 10.02/10.08 percent, up from 9.92/10.00 percent.

A bond maturing on 01.08.2026 closed at 10.25/35 percent, gaining from 10.23/30 percent.

A bond maturing on 15.01.2027 closed at 10.33/40 percent on Friday, up from Thursday’s 10.26/32 percent.

A 10-year bond maturing on 01.05.2029 closed at 10.55/65 percent, up from 10.53/60 percent. (COLOMBO, 24 May, 2019)  

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