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Sri Lanka rupee ends stronger at 186.20/30, bond yields flat

ECONOMYNEXT- Sri Lanka rupee ended stronger Friday at 186.20/30 to the US dollar while bond yields closed flat, dealers said.

The rupee closed at 186.30/35 to the greenback on Thursday.

Central Bank issued the average rates for the following currencies quoted by commercial banks in Colombo for Telegraphic Transfers (TT) on May 29.

Liquidity in the overnight money market dropped to 79.73 billion rupees Friday, from 100.80 billion.

Banks deposited 98.59 billion rupees in the central bank’s excess liquidity window.

In the secondary government securities market, bond yields were flat from Thursday in moderate trade with rates initially picking up and easing towards the close on Friday, dealers said.

Dealers also said that liquidity was mainly centered on 2023 maturities.

A bond maturing on 10.08.2021 closed at 6.95/05 percent on Friday, up from 6.90/7.05 percent on Thursday’s closing.

A 2-year bond maturing on 01.10.2022 closed at 7.36/42 percent, down from 7.40/48 percent.

A bond maturing on 15.01.2023 closed at 7.73/75 percent, down from 7.78/85 percent on Thursday.

A bond maturing on 15.09.2024 closed at 8.37/42 percent on Friday, easing from 8.40/45 percent at Thursday’s end.

A bond maturing on 15.10.2027 closed at 8.82/90 percent on Thursday, flat from 8.82/88 percent on yesterday‘s close.

(Colombo/May29/2020)

 

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