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Sri Lanka rupee ends weaker, gilt yields unchanged

ECONOMYNEXT – Sri Lanka rupee ends weaker at 185.80/90 to the US dollar in the spot market on Tuesday while gilt yields remained unchanged in the overall market, dealers said.

The rupee closed at 185.10/30 to the US dollar on Monday.

In the upcoming policy review on November 26, FirstCapital Market Research notes in its pre-policy analysis that the central bank could either cut the policy rate or keep it at the previous levels with the chances for both standing at 50/50. While it vouches for a rate cut.

In the secondary securities market, bond yields remained unchanged in active market trade on selling pressure, dealers said.

“The secondary market yield curve remained broadly unchanged while investor interest was predominantly centred on short tenor maturities,” FirstCapital Market Research said.

While it said the investor interest hovered over short-tenor maturities.

A 2-year bond maturing on 15.12.2022 closed at 5.90/95 per cent on Tuesday, up from 5.85/90 per cent at Monday’s closing.

A bond maturing on 15.01.2023 closed at 5.95/6.00 per cent on Tuesday, up from 5.88/98 per cent at the previous day’s end.

A bond maturing on 15.09.2024 closed at 6.47/52 per cent, up from 6.45/50 per cent at Monday’s end.

A bond maturing on 01.05.2025 closed at flat at 6.50/60 per cent.





A bond maturing on 01.02.2026 closed at 6.75/90 per cent, down from 6.80/90 per cent at the last closing.

A bond maturing on 15.08.2027 closed at 7.15/25 per cent, stable from 7.15/20 per cent at the previous day’s end.

A bond maturing on 15.07.2028 closed at 7.25/35 per cent.

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