Sri Lanka rupee ends weaker, bond yields gain slightly

ECONOMYNEXT – Sri Lanka’s rupee closed weaker at 179.30/60 against the US dollar on Thursday, while bond yields marginally gained, dealers said.

The rupee closed at 178.85/179.00 against the greenback on Wednesday.

Liquidity in the overnight money market was 22.69 billion rupees, up from 22.50 billion rupees at yesterday’s close.

Central Bank injected 4.55 billion rupees at 7.60 percent in an overnight reverse repo auction.

In another reverse term repo auction, 7.75 billion rupees at 7.55 percent was infused into the market.
    
In the secondary bond market, bond yields edged up in active trading.
    
Dealers said the investors are waiting for the monetary policy anouncement Friday.
    
 A bond maturing on 15.10.2021 closed at 8.95/9.02 percent on Thursday, steady from 8.95/9.05 percent on Wednesday.
    
A bond maturing on 15.03.2023 closed at 9.65/72 percent, gaining from 9.60/70 percent.
    
A bond maturing on 15.06.2024 closed at 9.98/10.00 percent, up from 9.92/98 percent.
    
A bond maturing on 01.08.2026 closed flat at 10.05/15 percent.
    
A bond maturing on 15.01.2027 closed at 10.09/12 percent, marginally up from 10.07/16 percent.
    
A bond maturing on 01.05.2028 closed at 10.15/25 percent, steady from 10.15/30 percent.
    
A 20-year bond maturing on 15.08.2039 closed at 10.15/35 percent, edging up from 10.10/40 percent. (COLOMBO, 22 August, 2019)