Sri Lanka rupee ends weak, guilt yields flat
ECONOMYNEXT – Sri Lanka rupee closed weaker at 185.00/10 against the US dollar on Wednesday while bond yields remained unchanged amidst the weekly bills auction, dealers said.
The rupee ended at 184.40/45 rupees against the greenback on Tuesday.
In the secondary government securities markets, bond yields were flat, dealers said.
Sri Lanka’s debt office sold less than the offered 40 billion rupees of Treasury bills at the weekly auction today for the second time this month.
The debt office offered 8 billion rupees maturing in 3-months and sold 8.9 billion rupees at 4.51 per cent.
14.7 billion rupees of 6-month bills were sold at 4.64 per cent, after offering 14 billion rupees.
4.87 billion rupees of 12-month bills were sold after offering 18.0 billion rupees, at 4.88 per cent.
A 2-year bond maturing on 15.12.2022 closed at 5.50/55 per cent on Wednesday, flat from 5.50/55 per cent from Tuesday’s closing.
A bond maturing on 15.01.2023 closed at 5.52/60 per cent, up from 5.50/60 per cent at its last close.
A bond maturing on 15.09.2024 closed at 6.03/13 per cent on Wednesday, stable from 6.02/10 per cent at previous day’s closing.
A bond maturing on 01.05.2025 closed at 6.35/42 per cent, steady from 6.35/45 the previous day’s closing.
A bond maturing on 01.02.2026 closed flat from 6.55/60 per cent at its previous close on Tuesday.
A bond maturing on 15.08.2027 closed at 6.85/95 per cent on Wednesday, up from 6.83/95 per cent at previous day’s closing.
The new bond maturing on 01.07.2028 closed at 7.05/12 per cent on Wednesday, up from 7.00/10 per cent at Tuesday’s closing.
A 10-year bond maturing on 15.05.2030 closed at 7.25/40 per cent, unchanged from the previous day’s closing. (Colombo/ Sep16/2020)