Sri Lanka rupee ends weaker, bond yields gain
ECONOMYNEXT – Sri Lanka’s rupee closed weaker at 180.30/60 to the US dollar, while bond yields edged up, dealers said.
The rupee closed at 180.20/60 against the greenback in the spot market Wednesday.
Liquidity in the overnight money market was negative 6.97 billion rupees, down from 2.02 billion rupees on Wednesday.
Central Bank injected 5.0 billion rupees in an overnight reverse repo auction at 7.35 percent.
In the secondary bond market, gilt yields marginally gained in moderate trading, dealers said.
A bond maturing on 15.10.2021 closed at 9.00/9.02 percent on Thursday, up from 8.80/90 percent at Wednesday’s close.
A bond maturing on 15.03.2023 closed at 9.80/85 percent, gaining from 9.65/75 percent.
A bond maturing on 15.06.2024 closed at 10.00/10.02 percent, up from 9.93/98 percent.
A bond maturing on 01.08.2026 closed at 10.05/10 percent, stable from 10.05/13 percent.
A bond maturing on 15.01.2027 closed flat at 10.05/10.15 percent.
A bond maturing on 01.05.2028 remained unchanged at 10.05/20 percent.
A 20-year bond maturing on 15.08.2039 remained unchanged at 10.10/30 percent.
(COLOMBO 29 August 2019)