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Sri Lanka rupee gilt yields drop after sovereign bond sale

ECONOMYNEXT – Sri Lanka’s bond yields dropped to 30/40 basis points Wednesday after the government sold a 1.5 billion dollars sovereign bond on expectations of lower pressure on domestic bond markets, dealers said.

Yields recovered amid profit taking, after dropping in early trading. The price of a bond rises when the yield falls. A Treasury bill action is closing Wednesday.

A 2-year bond maturing on 15.05.2017 was quoted at 7.30/45 percent down from Monday’s closing o .50/60

A 3-year bond maturing on 15.07.2018 quoted at 8.20/40 percent down from Monday’s closing of 7.60/65 percent

A 4-year bond maturing on 15.09.2019 was quoted at 8.80/85 after dropping as low as 8.60/67 and down from Monday’s 9.06/10 percent levels.

A 5-year bond (01.05.2020) was quoted at 9.00/10 after dropping dropped as low 8.90 percent, down from Monday’s 9.10/15

An 8-year bond (01.09.2023) was quoted at 9.25/35 after dropping as low as 9.20 percent, down from Monday’s 9.55/70.

A 10-year bond (01.08.2025) quoted at 9.40/50 percent down from Monday’s 9.50/80.

A 20-year bond (15.03.2035) was quoted at 10.80/90 from Monday’s close 10.95/11.05 percent. (Colombo/Oct26/2015)

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