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Sri Lanka rupee opens stronger, bond yields ease

ECONOMYNEXT – Sri Lanka rupee closed stronger at 185.20/35 against the US dollar on Thursday while bond yields marginally fell, dealers said.

The rupee ended at 185.25/35 rupee against the greenback on Wednesday.

In the secondary government securities markets, bond yields eased slightly in moderately active trade, dealers said.

Dealers said liquidity was seen in 2027 maturities.

In the weekly bills auction held, 40 billion rupees were offered and sold with less volumes sold at the short end of the yield curve.

Government debt office offered 6.0 billion rupees of 3-month bills and sold 3.5 billion rupees at an average yield of 4.52 percent, down from 4.56 percent a week earlier.

Sri Lanka sold 18.5 billion rupees of 6-month bills after offering 14 billion rupees at an average yield of 4.67 percent, from 4.68 percent last week.

Sri Lanka sold 17.5 billion rupees of 12-month bills after offering 20 billion at 4.89 percent, unchanged from last week.

A 2-year bond maturing on 15.12.2022 was quoted at 5.45/48 per cent on Thursday, unchanged from 5.45/50 per cent at Wednesday’s closing.

A bond maturing on 15.01.2023 was quoted at 5.45/50 percent, unchanged from 5.45/50 per cent at the previous closing.

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A bond maturing on 15.09.2024 was quoted at 6.00/03 percent, unchanged from 6.00/10 per cent at Wednesday’s closing.

A bond maturing on 01.05.2025 was quoted at 6.30/40 percent, unchanged from 6.30/40 per cent at the previous day’s closing.

A bond maturing on 01.02.2026 was quoted at 6.44/47 per cent, down from 6.48/55 from the previous close.

A bond maturing on 15.08.2027 was quoted at 6.75/80 percent, easing from 6.80/87 per cent on Wednesday’s closing.

A 10-year bond maturing on 15.05.2030 was quoted at 7.20/25 per cent, unchanged from 7.20/30 per cent on the previous day’s closing. (Colombo/Sep03/2020)