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Sri Lanka rupee ends weaker, gilt yields marginally up

ECONOMYNEXT – Sri Lanka rupee closed weaker at 185.75/88 to US dollar in the spot market on Tuesday while bond yields picked up marginally, dealers said.

Rupee closed at 185.70/80 to the greenback on Monday.

In the secondary government securities market, gilt yields were up marginally in moderate market trade, dealers said.

Sri Lanka’s debt office is selling 35 billion rupees in a weekly auction to be held tomorrow split in to 4.6 billion rupees maturing in 3-months, 6 billion rupees maturing in 6-months and 25.5 billion rupees maturing in 12-months.

Dealers said that high liquidity can be seen in 2022 maturity.

A 2-year bond maturing on 15.12.2022 closed at 5.40/45 percent on Tuesday, up from 5.35/40 percent at Monday’s close.

A bond maturing on 15.01.2023 closed at 5.45/50 percent up from 5.40/45 percent at Monday’s close.

A bond maturing on 15.09.2024 closed at 6.02/10 percent up from yesterday’s closing at 6.00/05 percent.

A bond maturing on 01.05.2025 closed at 6.27/35 percent on Tuesday, up from 6.23/30 percent at yesterday’s closing.

A bond maturing on 01.02.2026 closed at 6.42/50 percent, up from 6.40/45 percent.

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A bond maturing on 15.10.2027 closed at 6.55/65 percent, unchanged from 6.55/65 percent at Monday’s end. (Colombo/July21/2020)

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