Sri Lanka rupee ends weaker, bond yields edge up

ECONOMYNEXT – Sri Lanka’s rupee closed weaker at 178.85/179.00 against the US dollar on Wednesday, while bond yields edged up after the auction, dealers said.

The rupee closed at 177.95/10 against the greenback on Tuesday.
 
Central Bank injected 7.9 billion rupees at 7.72 percent in an overnight reverse repo auction. 

Sri Lanka’s debt office offered 18 billion rupees split in to 1.5 billion in 3-months maturities, 1.5 billion in 6-months maturities and 15 billion rupees in 12-months maturities, in a weekly bills auction held today.
 
In the secondary bond market, bond yields eased before the auction and edged up after in active trading.
 
Dealers said short tenor maturities 2021 and 2024 were the most liquid.
 
A bond maturing on 15.10.2021 closed at 8.95/9.05 percent on Wednesday, down from 9.00/10 percent on Tuesday’s close.
 
A bond maturing on 15.03.2023 closed at 9.60/70 percent, easing from 9.62/66 percent.
 
A bond maturing on 15.06.2024 closed at 9.92/98 percent, up from 9.90/93 percent.
 
A bond maturing on 01.08.2026 closed flat at 10.05/15 percent.
 
A bond maturing on 15.01.2027 closed at 10.07/16 percent, slightly easing from 10.08/18 percent.
 
A bond maturing on 01.05.2028 closed at 10.15/30 percent, up from 10.05/25 percent.
 
A 20-year bond maturing on 15.08.2039 closed at 10.10/40 percent, falling from 10.15/33 percent. (COLOMBO, 21 August, 2019)