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Sri Lanka rupee opens stronger, gilt yields flat

ECONOMYNEXT – Sri Lanka rupee was quoted stronger at 186.00/50 against the US dollar on Wednesday from yesterday’s closing while bond yields remained unchanged, dealers said.

Rupee ended on Tuesday at 186.30/70 rupees against the US dollar.

In the secondary government securities markets, bond yields were flat in dull trade with no high liquidity showing in any maturity yet, dealers said.

Deal said investors followed a wait and see stance ahead of today’s weekly bill auction.

Sri Lanka’s debt office is offering 40 billion rupees spilt into 5 billion rupees at a maximum rate of 4.59 per cent maturing in 3-months, 15 billion rupees at 4.71 per cent maturing in 6-months and 20 billion rupees maturing at 4.90 per cent maturing in 12-months.

A 2-year bond maturing on 15.12.2022 was quoted at 5.55/60 per cent on Wednesday, unchanged from 5.55/60 from Tuesday’s closing.

A bond maturing on 15.01.2023 was quoted at 5.58/65 per cent, up from 5.57/65 per cent at the previous closing.

A bond maturing on 15.09.2024 was quoted at 6.07/15 per cent on Wednesday, up from Tuesday’s closing at 6.02/12 per cent.

A bond maturing on 01.05.2025 was quoted at 6.35/40 per cent on Wednesday, flat from the previous day’s closing.

A bond maturing on 01.02.2026 was quoted at 6.50/58 per cent, unchanged from 6.50/55 per cent at the previous close.

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A bond maturing on 15.08.2027 was quoted at 6.95/7.05 per cent from 6.95/7.00 at Tuesday’s end.

A 10-year bond maturing on 15.05.2030 was quoted at 7.30/40 per cent, stable from 7.30/38 per cent at the previous day’s closing. (Colombo/Aug26/2020)