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Wednesday May 19th, 2021
Bonds & Forex

Sri Lanka rupee ends weaker, gilt yields marginally up

ECONOMYNEXT – Sri Lanka’s rupee closed weaker at 176.90/177.00 against the US dollar on Monday while bonds yields edged up marginally, brokers and dealers said.

Rupee closed at 176.60/68 against the greenback on Friday.
 
Liquidity in the overnight money market was 37.46 billion rupees, up from 34.25 billion rupees on Friday.
 
In bonds, yields gained marginally in a dull market, dealers said.

Dealers said activity centered on the short tenor of the curve with 2021, 2023 and 2024 being the most liquid.
 
A bond maturing on 15.10.2021 closed at 8.68/73 percent on Monday, up from 8.60/66 percent at Friday’s close.
 
A bond maturing on 15.03.2023 closed at 9.35/40 percent, gaining from 9.27/33 percent.
 
A bond maturing on 05.06.2024 closed at 9.68/72 percent, steady from 9.68/70 percent.
 
A bond maturing on 01.08.2026 closed at 9.87/92 percent, edging up from 9.82/85 percent.
 
A bond maturing on 15.01.2027 closed at 9.87/97 percent, up from 9.85/90 percent.
 
A bond maturing on 01.05.2029 closed at 9.90/10.05 percent, stable from 9.90/10.00 percent.

(Colombo/Aug05/2019)

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