Sri Lanka rupee opens stronger, bond yields ease on short tenures
ECONOMYNEXT – Sri Lanka rupee was quoted stronger at 183.65/75 against the US dollar on Tuesday in the spot market while bond yields were down marginally, especially short tenures, dealers said.
The rupee closed at 183.75/90 to the greenback on Monday.
In the secondary government securities markets, bond yields were down marginally centered on short tenures in moderate trade, dealers said.
Dealers said that highest liquidity was seen in 2022 maturities.
A 2-year bond maturing on 15.12.2022 was quoted at 5.55/60 percent on Tuesday, down from 5.58/63 percent at Monday’s end.
A bond maturing on 15.01.2023 was quoted at 5.58/63 percent, down from 5.60/65 percent at Monday’s close.
A bond maturing on 15.09.2024 was quoted at 6.10/15 percent on Tuesday, down from Monday’s closing at 6.13/18 percent.
A bond maturing on 01.05.2025 was quoted at 6.35/40 percent on Tuesday, steady from 6.35/40 percent at the previous day’s closing.
A bond maturing on 01.02.2026 was quoted at 6.50/55 percent, unchanged from 6.50/55 percent at the previous close.
A bond maturing on 15.08.2027 was quoted at 6.97/7.02 percent down from 6.98/7.05 percent at Monday’s closing.
A 10-year bond maturing on 15.05.2030 was quoted at 7.25/35 percent, unchanged from 7.25/35 percent at the previous day’s closing. (Colombo/Aug18/2020)