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Saturday May 15th, 2021
Bonds & Forex

Sri Lanka rupee ends weaker in spot next, gilt yields down

ECONOMYNEXT – Sri Lanka rupee closed weaker at 191.00/192.50 in the spot next market against the US dollar on Friday, while bond yields eased on continued buying pressure.

Rupee last closed at 188.50/189.50 to the US dollar on Thursday.

In the securities market, bond yields fell slightly on buying sentiments in active market trade.

The secondary market yield curve shifted slightly downwards on the back of buying interest predominantly centred on the shorter end of the curve, FirstCapital Market Research said.

Bond yields picked up buying pressure this week after months of dull market trade.

Buying interest was seen on 01.10.22, 15.11.22, 15.12.22 and 15.01.23 maturities trading in the range of 5.65%-5.50% levels. Moreover, 01.10.23 traded at 5.90% and 01.12.24 traded at 6.38% while overall market witnessed moderate volumes.

A 2-year bond maturing on 15.12.2022 closed at 5.52/55 per cent on Friday, up from 5.55/60 per cent at Thursday’s end.

A bond maturing on 15.01.2023 closed at 5.53/57 per cent on Friday, down from 5.55/60 per cent at Thursday’s closing.

A bond maturing on 15.09.2024 closed at 6.30/35 per cent, falling from 6.33/36 per cent at Thursday’s end.

A bond maturing on 01.05.2025 closed at 6.50/55 per cent on Friday, down from 6.53/55 per cent at the previous closing.

A bond maturing on 01.02.2026 closed at 6.63/70 per cent on Friday, down from 6.65/70 per cent the previous day’s end.

A bond maturing on 15.08.2027 closed at flat on Friday from 7.07/17 per cent at Thursday’s end.

A bond maturing on 01.07.2028 closed unchanged 7.15/30 per cent from the previous day’s end.

A 10-year bond maturing on 15.05.2030 closed flat at 7.60/80 per cent from the previous day’s end. (Colombo/Jan08/2021)

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