Sri Lanka rupee ends weaker, bond yields fall

ECONOMYNEXT- Sri Lanka’s rupee closed weaker at 181.62/70 to the US dollar in the spot market on Tuesday while bond yields eased, dealers said.

The rupee closed at 181.50/60 to the greenback on Monday.

Liquidity in the overnight money market was 23.70 billion rupees, up from 0.52 billion rupees at yesterday’s end.

Bank’s deposited 24.30 billion rupees through Central Bank’s excess liquidity window.

There were no repo auctions for the day.

In the secondary government securities market, bond yields eased in moderate trading while the 2024 maturities remained liquid, a dealer said.

Dealers said the bond yields gained in the morning trade and eased after-noon.

Sri Lanka’s debt office offered 25.00 billion rupees split in to 8.00 billion rupees bills maturing in 3-months, 5.00 billion rupees maturing in 6-months and 12.00 billion rupees maturing in 12-months.

The treasuries yields climbed up in across maturities in the auction rising 09 basis points to 7.44 basis points.

The auction is to be settled on February 20, 2020.

A bond maturing on 15.12.2021 closed at 8.95/9.05 percent on Tuesday, easing from 9.00/15 at Monday’s close.

A bond maturing on 01.09.2023 closed at 9.30/40 percent, falling from 9.40/48 percent on Monday’s close.

A bond maturing on 15.09.2024 closed at 9.55/60 percent, down from 9.65/70 percent yesterday.

A bond maturing on 15.10.2027 closed at 9.70/80 percent on Tuesday, declining from 9.75/90 percent at Monday’s close.

A bond maturing on 15.05.2030 closed at 9.85/05 percent, down from 9.90/10 percent at its last close.

A bond maturing on 15.09.2034 closed at 9.85/05 percent, stable from 9.85/10 percent at the previous day’s close.
(Colombo/Feb18/2020)