Sri Lanka rupee ends stronger, bond yields marginally up
ECONOMYNEXT – Sri Lanka’s rupee closed stronger at 179.60/75 against the US dollar on Monday, while bond yields were marginally higher, dealers said.
The rupee closed at 179.70/180.00 against the greenback on Friday.
On August 21, banks deposited 34 billion rupees at the cental banks exces liquidity window, with the cnetarl bank printing 5 billion rupees overnight thorugh an auction. There was no borrowings from the standing windown.
By August 26 banks were depositng 24 billion rupees in the excess liquidity window, and no money was printed overnight near the policy lending rate.
In the secondary bond market, gilt yields slightly gained in dull trading.
Dealers said 2023 maturities were the most liquid due to foreign investor interest.
A bond maturing on 15.10.2021 closed at 8.75/85 percent on Monday, gaining from 8.70/77 percent at Friday’s close.
A bond maturing on 15.03.2023 closed at 9.60/65 percent, slightly up from 9.50/55 percent.
A bond maturing on 15.06.2024 closed at 9.85/88 percent, up from 9.80/82 percent.
A bond maturing on 01.08.2026 closed at 9.98/10.08 percent, up from 9.90/10.00 percent.
A bond maturing on 15.01.2027 closed at 10.00/10.10 percent, gaining from 9.98/10.02 percent.
A bond maturing on 01.05.2028 closed at 10.05/20 percent, edging up from 10.00/15 percent.
A 20-year bond maturing on 15.08.2039 closed at 10.10/30 percent, up from 10.05/25 percent.
(COLOMBO, 26 August, 2019)