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Sri Lanka rupee opens firmer, bond yields flat

ECONOMYNEXT – Sri Lanka rupee was quoted stronger at 185.48/55 to the US dollar on Wednesday while bond yields were flat, dealers said.

The rupee closed at 185.50/55 to the greenback on Tuesday.

Dealers said that the 2025 and 2026 maturities were illiquid for the past few days while the other maturities too did not show high liquidity due to stagnant market movement.

In the secondary government securities market, bond yields were up in very dull trading, dealers said..

A 2-year bond maturing on 15.12.2022 was quoted at 5.95/6.00 percent on Wednesday, unchanged from 5.95/6.00 percent at Tuesday’s close.

A bond maturing on 15.01.2023 was quoted at 6.00/05 percent down from 6.02/05 percent at Tuesday’s close.

A bond maturing on 15.09.2024 was quoted at 6.30/40 percent down from Tuesday’s closing at 6.36/40 percent.

A bond maturing on 01.05.2025 was quoted at 6.60/70 percent on Wednesday, flat from yesterday’s closing.

A bond maturing on 01.02.2026 was quoted at 6.65/75 percent, unchanged from 6.65/80 percent from the previous close.

A bond maturing on 15.10.2027 was quoted at 7.00/15 percent, unchanged from  7.00/10 percent on Tuesday.

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A 10-year bond maturing on 15.05.2030 was quoted at 7.35/45 percent, down from 7.37/45 percent on Tuesday. (Colombo/Aug05/2020)