Sri Lanka rupee ends weaker, gilt yields fall
ECONOMYNEXT- Sri Lanka’s rupee closed weaker at 181.70/80 to the US dollar in the spot market on Wednesday, while bond yields eased, dealers and brokers said.
The rupee closed at 181.25/35 to the greenback on Tuesday.
Liquidity in the overnight money market was 40.46 billion rupees, marginally up from 39.55 billion rupees.
Banks deposited 40.46 billion rupees in the Central Bank excess liquidity window.
In the secondary bond market, yields fell in moderate trading, dealers said.
Sri Lanka’s debt office is offering 30 billion rupees in treasury bonds to be sold on January 13th, split into 15 billion rupees at 9 percent maturing in 01.09.2023 and 15 billion at 11 percent maturing in 15.05.2030.
A bond maturing on 15.12.2021 closed at 8.65/85 percent on Wednesday, falling from 8.75/95 percent on Tuesday’s close.
A bond maturing on 15.07.2023 closed at 9.25/35 percent, easing from 9.30/40 percent at the previous close.
A bond maturing on 15.09.2024 closed at 9.65/70 percent declining from 9.67/72 percent on Tuesday.
A bond maturing on 15.10.2027 closed at 9.82/87 percent, down from 9.80/85 percent from yesterday’s close.
A bond maturing on 15.05.2030 closed at 10.05/20 percent, easing from 10.00/25 percent.
A bond maturing on 15.09.2034 closed flat at 10.05/25 percent.