Sri Lanka rupee ends weaker, bond yields ease
Friday August 9, 2019 18:06
ECONOMYNEXT – Sri Lanka’s rupee ends stronger at 176.80/85 against the US dollar on Friday while bonds eased, dealers said.
The rupee closed at 176.90/00 against the greenback on Thursday.
Liquidity in the overnight market was 22.42 billion rupees, up from 21.22 billion rupees previous day.
The central bank injected up 19.75 billion rupees in an overnight reverse repo auction at 7.83 percent.
In the bond market, yields eased in an active market following a bond auction on Friday, dealers said.
A bond maturing on 15.10.2021 closed at 8.55/62 percent on Friday down from 8.61/67 percent at Thursday’s close.
A bond maturing on 15.03.2023 closed at 9.30/35 percent, easing from 9.35/40 percent yesterday’s close.
A bond maturing on 15.06.2024 closed at 9.72/76 percent, falling from 9.75/78 percent Thursday’s close.
A bond maturing on 01.08.2026 closed at 9.90/94 percent, stable at 9.90/98 percent.
A bond maturing on 15.01.2027 closed at 9.95/00 percent, easing from 9.97/10.02percent.
A new bond maturing on 01.05.2028 closed at 9.98/10.02 percent, around the same levels as it was auctioned, at 10 percent.
A bond maturing on 01.05.2029 closed at 9.97/10.07 percent, down from 10.00/10.08 percent.
A new 20-year bond maturing on 15.08.2039 closed at 10.05/10.25 percent, falling from the weighted average of 10.29 percent at the auction.
(COLOMBO, 09 August, 2019)