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Sri Lanka rupee opens weaker, bond yields marginally up

ECONOMYNEXT – Sri Lanka rupee was quoted weaker 185.35/45 against the US dollar on Friday while bond yields gained marginally, dealers said.

The rupee ended at 185.25/30 rupees against the greenback on Thursday.

In the secondary government securities markets, bond yields gained marginally in moderate trade, dealers said.

Dealers said liquidity was seen in 2022 maturities.

First Capital Research said in its daily report said that after the announcement of 100 billion bond auction scheduled on 11 September, selling was triggered in the market in yesterday’s trading.

A 2-year bond maturing on 15.12.2022 was quoted at 5.55/58 per cent on Friday, up from 5.50/55  per cent at Thursday’s closing.

A bond maturing on 15.01.2023 was quoted at 5.58/63 per cent, up from 5.50/60 per cent at yesterday’s close.

A bond maturing on 15.09.2024 was quoted at 6.05/12 per cent, up from 6.00/10 per cent in the previous closing.

A bond maturing on 01.05.2025 was quoted at 6.35/45 per cent, unchanged from the previous day’s closing.

A bond maturing on 01.02.2026 was quoted at 6.50/55 per cent, flat from its previous close on Thursday.

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A bond maturing on 15.08.2027 was quoted at 6.87/95 per cent, up from 6.82/92 per cent at Thursday’s closing.

A 10-year bond maturing on 15.05.2030 was quoted at 7.25/35 per cent, up from 7.20/30 per cent in the previous day’s closing. (Colombo/Sep04/2020)