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Sri Lanka rupee opens firmer, bond yields ease on short tenures

ECONOMYNEXT – Sri Lanka rupee was quoted stronger 184.35/45 against the US dollar on Tuesday while bond yields came down in short tenures, dealers said.

The rupee ended at 184.65/80 rupees against the greenback on Monday.

In the secondary government securities markets, bond yields came down in short tenures particularly as activity was also only seen in short tenures Tuesday mid-morning trade, dealers said.

Dealers said that high liquidity was seen in 2022 maturities.

Sri Lanka’s debt office is offering up 40 billion rupees worth of treasury bills split into 10 billion rupees in three months, 12 billion rupees in six months bills and 18 billion rupees in 12-months bills in an auction tomorrow.

A 2-year bond maturing on 15.12.2022 was quoted at 5.52/57 per cent on Tuesday, up from 5.50/60 per cent at Monday’s closing.

A bond maturing on 15.01.2023 was quoted at 5.55/58 per cent on Tuesday, unchanged from 5.55/65 per cent at yesterday’s close.

A bond maturing on 15.09.2024 was quoted at 6.05/10 per cent, stable from 6.05/12 per cent in the previous closing.

A bond maturing on 01.05.2025 was quoted at 6.30/37 per cent, down from 6.32/42 per cent at the previous day’s closing.

A bond maturing on 01.02.2026 was quoted at 6.50/55 per cent, flat from its previous close on Monday.

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A bond maturing on 15.08.2027 was quoted at 6.88/95 per cent, down from 6.90/7.00 per cent at Monday’s closing.

A 10-year bond maturing on 15.05.2030 was quoted at 7.25/35 per cent, unchanged from 7.25/40 per cent at the previous day’s closing. (Colombo/Sep08/2020)