Sri Lanka rupee gains, bond yields ease at close

ECONOMYNEXT- Sri Lanka’s rupee closed stronger at 181.85/00 to the US dollar in the spot market on Friday while bond yields eased, dealers said.

Liquidity in the overnight money market was 37.04 billion rupees, up from 32.27 billion rupees at previous days close.

Banks deposited 35.10 billion rupees through the central bank’s excess liquidity window.

Central Bank mopped up 700 million rupees at 7.05 percent through an overnight repo auction.

In the government securities market, bond yields gained in active trade while 2024 maturities were the most liquid, dealers said.

A bond maturing on 15.12.2021 closed at 8.50/60 percent on Friday, falling from 9.75/95 percent at Thursday’s close.

A bond maturing on 01.09.2023 closed at 9.25/35 percent, flat from the previous close.

A bond maturing on 15.09.2024 closed at 9.42/48 percent on Friday, falling from 9.48/52 percent.

A bond maturing on 15.10.2027 closed at 9.58/68 percent down from 9.65/70 percent.

A bond maturing on 15.05.2030 closed at 9.70/90 percent on Friday, falling from 9.80/10.00 percent.

A bond maturing on 15.09.2034 closed at 9.85/10 percent, gaining from 9.80/10.10 percent. (Colombo/ March 06/ 2020)