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Sri Lanka rupee ends weaker, gilt yields down

ECONOMYNEXT – Sri Lanka rupee closed weaker at 186.60/75 to the US dollar on Thursday while bond yields fell further, dealers said.

Rupee closed on Wednesday at 186.45/65 against the greenback.

Liquidity in the overnight money market was 212.42 billion rupees on Thursday, marginally falling from previous day’s 221.78 billion rupees shoot up after SRR rate cut

In the secondary government securities market, yields came down further in active market trade, dealers said.

Dealers said the market was volatile today, gaining up in the morning and easing in the evening.

A bond maturing on 01.08.2021 closed at 6.40/60 percent on Thursday, down from 6.60/80 percent at the previous day’s close.

A new 2-year bond maturing on 15.12.2022 closed at 6.85/88 percent, sliding from 6.87/92 percent at Wednesday’s end.

A bond maturing on 15.01.2023 closed at 6.90/93 percent, falling from 6.93/99 percent.

A bond maturing on 15.09.2024 closed at 7.35/42 percent, easing from 7.47/52 percent at the previous day’s close.

A bond maturing on 01.05.2025 closed at 7.60/65 percent on Thursday, down from 7.70/77 percent at yesterday’s end.

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A bond maturing on 01.02.2026 closed at 7.72/80 percent, falling from 7.80/85 percent at Wednesday’s end.

A bond maturing on 15.10.2027 was quoted at 8.00/05 percent, down from 8.10/20 percent at the previous day’s close.

(Colombo/June18/2020)

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