Sri Lanka rupee ends weaker in spot-next, gilt yields steady

ECONOMYNEXT – Sri Lanka rupee closed weaker at 187.20/70 to the US dollar on Monday in the spot-next market while yields remained steady in dull market trade after the bond auction, dealers said.

The rupee closed at 186.50/00 to the US dollar on Friday against the US dollar.

In the secondary securities market, bond yields remained steady in dull market trade, dealers said.

“Fresh week of trading witnessed limited activities and thin volumes. Short tenor maturities 15.03.23 traded at 5.85 per cent, 01.01.24 traded at 6.15 per cent and 01.12.24 traded at 6.45 per cent, in addition, 01.08.26 traded at 7.00 per cent,” FirstCapital Research said.

A 2-year bond maturing on 15.12.2022 closed at 5.68/73 per cent on Monday, down from 5.67/75 per cent at Friday’s closing.

A bond maturing on 15.01.2023 closed flat at 5.73/77 per cent on Monday from Friday’s end.

A bond maturing on 15.09.2024 closed at 6.40/45 per cent, up from 6.37/44 per cent at Friday’s end.

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

A bond maturing on 01.02.2026 closed at 6.70/80 per cent on Monday, flat from previous day’s end.

A bond maturing on 15.08.2027 closed flat at 7.08/18 per cent from Friday’s end.





A bond maturing on 01.07.2028 remained unchanged from 7.23/27 per cent at Monday’s end.

A 10-year bond maturing on 15.05.2030 remained unchanged at 7.55/75 per cent since last Tuesday’s closing. (Colombo/December14/2020)

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