Sri Lanka rupee ends stronger, bond yields stable ahead of auction
Monday April 1, 2019 17:23
ECONOMYNEXT- Sri Lanka’s rupee ended stronger at 174.60/75 to the US dollar on Monday continuing on its previous gains, while bond yields were stable ahead of an auction on Tuesday, dealers said.
The rupee closed at 175.30/50 to the US dollar in the spot market on Friday.
The secondary bond market saw thin activity, with market participants awaiting a bond auction on Tuesday, dealers said.
The central bank brought forward the bond auction by a week.
Dealers said yields were overall stable, with selling interest seeing yields on some short-term maturities rising ahead of the auction.
Twelve-month bills closed at 10.15/25 percent on Monday, unchanged from Friday.
A bond maturing on 01.08.2021 closed at 10.52/56 percent, up from 10.45/50 percent.
A bond maturing on 15.07.2023 ended at 10.90/95 percent, up from 10.85/90 percent.
A 5-year bond maturing on 15.03.2024 closed at 10.97/02 percent, unchanged from the previous close.
A bond maturing on 01.08.2026 closed at 11.10/20 percent on Monday, flat from Friday.
A bond maturing on 15.06.2027 ended at 11.27/35 percent, wider from 11.28/33 percent.
A bond maturing on 01.09.2028 closed at 11.32/40 percent, marginally down from 11.33/40 percent.
A bond maturing on 01.05.2029 ended at 11.38/42 percent on Monday, up from 11.35/40 percent. (Colombo/Apr01/2019)