Sri Lanka rupee ends weaker, gilt yields ease
ECONOMYNEXT – Sri Lanka’s rupee closed weaker at 177.95/178.10 against the US dollar on Tuesday, while bond yields eased, dealers said.
The rupee closed at 177.40/55 against the greenback on Monday.
Liquidity in the overnight money market was 14.70 billion rupees, up from Monday’s close of 14.18 billion rupees.
The Central Bank injected 7.90 billion rupees in liquidity into the money market at 7.72 percent in an overnight reverse repo auction and a 9.1 billion rupees was offered in term reverse repo auction at 7.58 percent maturing in 7 days.
In the secondary bond market, bond yields eased in active trading.
Dealers said short tenor maturities 2021, 2023 and 2024 were the most liquid.
A bond maturing on 15.10.2021 closed at 9.00/10 percent on Tuesday, down from 9.10/9.20 percent at Monday’s close.
A bond maturing on 15.03.2023 closed at 9.62/66 percent, easing from 9.70/80 percent.
A bond maturing on 15.06.2024 closed at 9.90/93 percent, falling from 10.00/10.05 percent.
A bond maturing on 01.08.2026 closed at 10.05/15 percent, down from 10.15/22 percent.
A bond maturing on 15.01.2027 closed at 10.08/18 percent, falling from 10.16/23 percent.
A bond maturing on 01.05.2028 closed at 10.05/25 percent, easing from 10.15/30 percent.
A 20-year bond maturing on 15.08.2039 closed at 10.15/33 percent, declining from 10.20/40 percent. (COLOMBO 20 August 2019)