Sri Lanka rupee ends steady, gilt yields up

ECONOMYNEXT – Sri Lanka rupee ends steady at 184.35/45 to the US dollar on Wednesday while yields edged up on selling pressure but the market remained dull, dealers said.

The rupee closed at 184.30/40 against the greenback on Tuesday.

In the secondary securities market, bond yields edged up while the overall the market was dull, dealers said.

“The secondary market yield curve slightly edged upwards on the back of selling pressure witnessed on selected mid tenor maturities amidst overall market witnessing low volumes,” FirstCapital Research noted in its daily market report.

While in the weekly t-bills auction only 19 billion rupees out of the total 40 billion rupees offered amount was accepted from 53 billion rupees bids.

A 2-year bond maturing on 15.12.2022 closed at 5.58/65 per cent on Wednesday, steady from 5.58/62 per cent at Tuesday’s closing.

A bond maturing on 15.01.2023 closed flat at 5.60/70 per cent on Wednesday from Tuesday’s end.

A bond maturing on 15.09.2024 closed at 6.18/25 per cent, steady from 6.18/20 per cent at the previous day’s end.

A bond maturing on 01.05.2025 closed at 6.32/42 per cent, stable from 6.32/40 per cent at the last closing.

A bond maturing on 01.02.2026 closed at 6.58/62 per cent, marginally up from 6.57/62 per cent at Tuesday’s closing.

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A bond maturing on 15.08.2027 closed at 6.90/95 per cent, down from 6.92/95 per cent.

A bond maturing on 01.07.2028 closed at 7.08/18 per cent, steady from 7.08/15 per cent at the previous day’s closing.

A 10-year bond maturing on 15.05.2030 closed at 7.38/48 per cent. (Colombo/November03/2020)

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