Sri Lanka rupee opens stronger, bond yields fall ahead of bill auction
ECONOMYNEXT- Sri Lanka’s rupee opened stronger at 181.10/20 to the US dollar in the spot market on Tuesday, while bond yields fell, dealers said.
The rupee closed at 181.30/45 to the greenback on Tuesday.
The state debt office will sell 25 billion rupees in treasury bills on Wednesday, split into 2 billion rupees of 3-month bills, 9 billion rupees of 6-month bills and 14 billion rupees of 12-month maturities.
In the secondary bond market, yields fell ahead of a weekly bill auction in active trading, dealers said.
Dealers said the most activity was seen on the 15.07.2023 and 15.09.2024 maturities.
A bond maturing on 15.12.2021 was quoted at 8.60/80 percent on Wednesday, flat from Tuesday’s close.
A bond maturing on 15.07.2023 was quoted at 9.15/20 percent, down from 9.24/28 percent at the previous close.
A bond maturing on 15.09.2024 was quoted at 9.45/49 percent, falling from 9.50/55 percent.
A bond maturing on 15.10.2027 was quoted at 9.75/85 percent, unchanged.
A bond maturing on 15.05.2030 was quoted at 9.95/15 percent, stable from 9.95/10.20 percent.
A bond maturing on 15.09.2034 was quoted at 10.00/20 percent, down from 10.05/10.20 percent.
The stock market was closed on Wednesday. (Colombo/Jan01/2020)