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Sri Lanka rupee ends weaker, bond yields gain marginally

sri lanka rupee notes coin

ECONOMYNEXT – Sri Lanka’s rupee ended weaker at 180.20/60 against the US dollar on Wednesday, while bond yields marginally picked up, dealers said.

The rupee closed at 179.75/85 against the greenback on Tuesday.

Liquidity in the overnight money market was 2.02 billion rupees, down from 9.06 billion rupees on Tuesday, as banks deposited less through the central bank window.

In a weekly auction held today where rates fell, Sri Lanka’s debt office offered 12.5 billion rupees split into 1.00 billion rupees in 3-months maturity, 1.00 billion rupee in 6-month maturity and 10.5 billion rupees in 12-month maturity.

In the secondary bond market, gilt yields marginally picked up after auction. However the overall market remained dull, dealers said.

A bond maturing on 15.10.2021 closed at 8.80/90 percent on Wednesday, up from 8.75/85 percent Tuesday’s close.

A bond maturing on 15.03.2023 closed at 9.65/75 percent, gaining from 9.60/67 percent.

A bond maturing on 15.06.2024 closed at 9.93/98 percent, up from 9.90/95 percent.

A bond maturing on 01.08.2026 closed at 10.05/13 percent, edging up from 10.05/10.10 percent.

A bond maturing on 15.01.2027 closed flat at 10.05/10.15 percent.

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A bond maturing on 01.05.2028 closed unchanged at 10.05/20.

A 20-year bond maturing on 15.08.2039 remained unchanged at 10.10/30 percent.
(COLOMBO 28 August 2019)

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