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Sri Lanka rupee opens stronger, bond yields ease

ECONOMYNEXT – Sri Lanka rupee was quoted stronger at 184.25/30 against the US dollar on Wednesday while bond yields came down marginally, dealers said.

The rupee ended at 184.30/40 rupees against the greenback on Tuesday.

In the secondary government securities markets, bond yields came down marginally Wednesday in moderate 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 today.

A 2-year bond maturing on 15.12.2022 was quoted at 5.48/50 per cent on Wednesday, down from 5.50/52 per cent at Tuesday’s closing.

A bond maturing on 15.01.2023 was quoted at 5.50/53 per cent on Wednesday, down from 5.53/55 per cent at yesterday’s close.

A bond maturing on 15.09.2024 was quoted at 6.03/05 per cent, up from 6.00/10 per cent in the previous closing.

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

A bond maturing on 01.02.2026 was quoted at 6.50/53 percent, flat from 6.45/53 per cent its previous close on Tuesday.

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A bond maturing on 15.08.2027 was quoted at 6.86/90 per cent, up from 6.85/95 per cent at Tuesday’s closing.

A 10-year bond maturing on 15.05.2030 was quoted at 7.25/30 per cent, unchanged from 7.25/35 per cent at the previous day’s closing. (Colombo/Sep09/2020)