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Sri Lanka rupee ends stronger, gilt yields flat

ECONOMYNEXT – Sri Lanka rupee closed firmer at 185.70/186.00 to the US dollar on Wednesday in the spot market while yields were flat in dull market trade even after today’s Treasury bills auction, dealers said.

The rupee closed at 186.50/70 to the US dollar on Tuesday against the US dollar.

In the secondary securities market, bond yields remained unchanged in dull market trade despite the bills auction, dealers said.

“Despite the weekly bill auction held today, the secondary bond market witnessed ultra-thin volumes while trades were recorded on 15.10.27 maturity at 7.15 per cent levels and 01.07.28 at 7.25 per cent,” FirstCapital Market Research said.

Sri Lanka’s debt office is offered 40 billion rupees worth Treasury bills to be auctioned tomorrow.

The bills were split in to 8.5 billion rupees maturing in 3-months, 12.5 billion rupees maturing in 6-months and 19 billion rupees maturing in 12-months.

At bill auction held today only 65 per cent was accepted of the total offered amount of 40.0 billion rupees. 03-months and 06-months bills were accepted at 4.67 per cent and 4.77 per cent while 01-year was accepted at 5.00 per cent.

A 2-year bond maturing on 15.12.2022 closed at 5.67/72 per cent on Wednesday, up from 6.65/72 per cent at Tuesday’s closing.

A bond maturing on 15.01.2023 closed flat 5.70/75 per cent on Wednesday from Tuesday’s end.

A bond maturing on 15.09.2024 closed at 6.40/45 pe cent, up from 6.37/44 per cent at Tuesday’s end.





A bond maturing on 01.05.2025 closed flat at 6.50/60 per cent.

A bond maturing on 01.02.2026 remained steady at 6.65/75 per cent from 6.65/73 per cent at the previous day’s end.

A bond maturing on 15.08.2027 closed at 7.08/18 per cent, up from 7.05/15 per cent.

A bond maturing on 01.07.2028 closed at 7.20/30 per cent on Wednesday, steady from 7.20/25 per cent.

A 10-year bond maturing on 15.05.2030 closed flat at 7.55/75 per cent from Tuesday’s closing. (Colombo/December 09/2020)

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