Sri Lanka rupee ends weaker, gilt yields flat

ECONOMYNEXT- Sri Lanka rupee closed weaker at 185.10/30 to the US dollar in the spot market on Thursday while gilt yields remained unchanged in dull market trade, dealers said.

The rupee closed at 184.60/70 to the US dollar on Wednesday.

In the secondary securities market, bond yields up in dull market trade on selling pressure, dealers said.

“Activities in the secondary bond market remained dull while witnessing low volumes despite the positive proposals suggested from the Budget 2021 which bodes well for the development of the bond market. Investors still adopted a wait and see approach, considering the upcoming policy meeting next week while staying on sidelines,” FirstCapital Market report said.

A 2-year bond maturing on 15.12.2022 closed flat at 5.78/88 per cent on Thursday from Wednesday’s closing.

A bond maturing on 15.01.2023 closed at 5.85/95 per cent, up from 5.83/93 per cent at the previous day’s end.

A bond maturing on 15.09.2024 closed at 6.36/40 per cent on Thursday, down from 6.38/40 per cent at Wednesday’s end.

A bond maturing on 01.05.2025 closed at 6.45/55 per cent, up from 6.40/55 per cent at Wednesday’s end.

A bond maturing on 01.02.2026 closed at 6.70/80 per cent, steady from 6.70/75 per cent at yesterday’s closing.

A bond maturing on 15.08.2027 closed at 7.06/12 per cent on Thursday, marginally up from 7.04/10 per cent at Wednesday’s end.

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A bond maturing on 15.07.2028 closed at 7.15/25 per cent, down from 7.17/25 per cent at the previous day’s end.
(Colombo/Nov19/2020)

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