Sri Lanka rupee ends stable, bond yields ease

ECONOMYNEXT- Sri Lanka’s rupee ends steady at 181.42/48 to the US dollar in the spot market on Thursday while bond yields eased, dealers said.

The rupee closed at 181.42/47 to the greenback on Wednesday.

Liquidity in the overnight money market was 24.97 billion rupees, up from 19.19 billion rupees at yesterday’s close.

Banks deposited 18.93 billion rupees through Central Bank’s excess liquidity window.

Central Banka mopped up 7.20 billion rupees at 6.97 percent in an overnight repo auction.

In the secondary government securities market, bond yields eased in moderate trade, where the 2024 bond maturities were the most liquid, a dealer said.

A bond maturing on 15.12.2021 closed at 8.70/90 percent on Thursday, easing from 8.80/95 percent at Wednesday’s close.

A bond maturing on 01.09.2023 closed at 9.10/25 percent, sliding from 9.15/25 percent at yesterday’s close.

A bond maturing on 15.09.2024 closed at 9.45/50 percent on Thursday, down from 9.47/50 percent yesterday’s close.

A bond maturing on 15.10.2027 closed at 9.60/67 percent, falling from 9.62/69 at yesterday’s close.

A bond maturing on 15.05.2030 closed at 9.80/90 percent, down from 9.85/95 percent.

A bond maturing on 15.09.2034 closed at 9.70/9.90 percent, steady from 9.75/10.00 percent. (Colombo/Feb13/2020)