Sri Lanka rupee ends stronger, gilt yields up

ECONOMYNEXT – Sri Lanka rupee closed firmer at 184.60/70 to the US dollar in the spot market on Wednesday while gilt yields up in dull market trade, dealers said.

The rupee closed at 184.90/185.20 to the US dollar on Tuesday.

In the secondary securities market, bond yields up in dull market trade on selling pressure, dealers said.

Sri Lanka’s debt office offered 40 billion bills split into 8 billion rupees maturing in 3-months, 13-billion rupees bills maturing in 9-months and 19 billion rupees maturing in 12-months in an auction held today.

The auction was under-subscribed for the second week only selling 7.6 billion rupees out of the 40 billion rupees offered.

A 2-year bond maturing on 15.12.2022 closed at 5.78/88 per cent on Wednesday, up from 5.75/85 per cent at the previous day’s closing.

A bond maturing on 15.01.2023 closed at 5.83/93 per cent, up from 5.80/90 per cent at the previous day’s end.

A bond maturing on 15.09.2024 closed at 6.38/40 per cent on Wednesday, down from 6.40/43 per cent at Tuesday’s end.

A bond maturing on 01.05.2025 closed at 6.40/55 per cent, up from 6.45/55 per cent at Tuesday’s end.

A bond maturing on 01.02.2026 closed at 6.70/75 per cent up from 6.65/75 per cent at yesterday’s closing.

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A bond maturing on 15.08.2027 closed at 7.04/10 per cent on Wednesday, up from 7.02/10 per cent at the previous day’s end.

A bond maturing on 15.07.2028 closed flat at 7.17/25 per cent at the previous day’s end.
(Colombo/Nov18/2020)

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