Sri Lanka rupee ends flat in one week forwards, gilt yields marginally down

ECONOMYNEXT – Sri Lanka rupee closed flat at 191.00/192.00 in the spot next market against the US dollar on Wednesday, while bond yields eased slightly on buying pressure and the 40 billion rupees weekly bills auction was fully subscribed.

Rupee last closed at 191.25/192.00 to the US dollar on Tuesday.

In the securities market, bond yields fell slightly on buying sentiments in active market trade.

Dealers said the secondary market witnessed active trade after weeks of dull sentiments.

“The secondary bond market reverted to an active mode with a resurgence of activities while recording moderate volumes during the day. With the buying interest,” FirstCapital Market Research said.

Sri Lanka’s debt office offered 40 billion rupees Treasury bills to be sold in an auction held today.

40 billion rupees treasury bills were offered spilt in to 10 billion rupees maturing in 3-months at 4.71 per cent maximum yield rate, 5 billion rupees maturing in 6-months is offered at 4.80 per cent whilst 25 billion rupees maturing in 12-months is offered at 5.05 per cent.

The auction settlement date is on January 08 2021.

A 2-year bond maturing on 15.12.2022 closed at 5.57/62 per cent on Wednesday, down from 5.60/54 per cent at Tuesday’s end.

A bond maturing on 15.01.2023 closed at 5.58/64 per cent on Wednesday, easing from 5.65/70 per cent at the last closing.





A bond maturing on 15.09.2024 closed at 6.36/37 per cent on Wednesday, slightly down from 6.35/40 per cent at Tuesday’s end.

A bond maturing on 01.05.2025 closed at 6.52/57 per cent, up from 6.50/60 per cent at the previous closing.

A bond maturing on 01.02.2026 closed at 6.65/70 per cent on Wednesday, steady from 6.65/75 per cent at the previous day’s end.

A bond maturing on 15.08.2027 closed flat at 7.07/17 per cent on Wednesday.

A bond maturing on 01.07.2028 closed at 7.15/25 per cent on Wednesday, unchanged from the previous day’s end.

A 10-year bond maturing on 15.05.2030 closed at 7.65/85 per cent on Wednesday, unchanged. (Colombo/Jan06/2021)

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