ECONOMYNEXT- Sri Lanka rupee closed weaker around 194.00/198.00 levels in the spot market on Wednesday, while bond yields were flat after the weekly bills auction, dealers said.
The rupee closed wide 194.00/196.50 to the US dollar on Tuesday.
In the secondary market bond yields remained flat in dull market trade, dealers said.
“The secondary bond market yield curve remained broadly unchanged while overall market witnessed ultra-thin volumes,” FirstCapital Market Research said.
“In the belly end of the yield curve, 01.12.24 changed hands at 6.55 per cent while 15.10.27 traded at 7.32 per cent. At the bill auction held today, 3-month bill yield increased by 2 basis points to 4.72 per cent, 06-month bill by 7 basis points to 4.85 per cent and 01 year bill by 2-basis points to 5.04 per cent while only 35 per cent of the offered value got accepted.”
A bond maturing on 15.12.2022 closed at 5.50/60 per cent on Wednesday, up from 5.45/55 per cent at Tuesday close.
A bond maturing on 01.10.2023 closed at 5.92/6.00 per cent up from 5.90/95 percent.
A bond maturing on 01.12.2024 closed at 6.54/60 per cent on Wednesday, gaining from 6.50/55 per cent a day earlier.
A bond maturing on 01.05.2025 closed steady at 6.75/95 per cent, from 6.75/85 per cent.
A bond maturing on 15.08.2027 closed flat at 7.15/35 per cent.
A bond maturing on 15.05.2030 closed was not offere, it last closed on Tuesday 7.85/8.05 per cent. (Colombo/Feb10/2021)