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Sri Lanka rupee ends weaker, bond yields steady

ECONOMYNEXT – Sri Lanka’s rupee closed weaker at 176.28/35 against the US dollar on Tuesday while bonds yields were steady, dealers said.

The rupee closed at 176.15/25 against the greenback on Monday.
Liquidity in the overnight money market was 50.60 billion rupees, up from 45.20 billion rupees previous day.
The central bank mopped up 26.91 billion rupees through an overnight repo auction at 7.67 percent.
Sri Lanka’s debt office will be offering 22 billion rupees in bills at an auction on Wednesday.
In the secondary bond market, yields were steady in moderate trading, dealers said.
Dealers said activity centered on 2021 maturities ahead of the weekly bills auction.
A bond maturing on 15.10.2021 closed at 8.76/83 percent on Tuesday, down from 8.82/87 percent on Monday.
A bond maturing on 15.03.2023 closed at 9.45/48 percent, steady from 9.45/50 percent.
A bond maturing on 05.06.2024 closed at 9.78/81 percent, easing from 9.80/82 percent.
A bond maturing on 01.08.2026 closed at 9.90/95 percent, stable from 9.90/96 percent.
A bond maturing on 15.01.2027 closed at 9.94/98 percent, gaining from 9.93/98 percent.
A 10-year bond maturing on 01.05.2029 closed at 10.00/10.05 percent, stable from 10.00/10.03 percent.
(COLOMBO, 30 July 2019)

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