Sajith Ad

Sri Lanka rupee opens weaker, bond yields steady

ECONOMYNEXT – Sri Lanka’s rupee opened weaker at 176.60/70 rupees against the US dollar in the spot market on Thursday, bond yields were steady ahead of a bond sale and stocks opened 0.04 percent down, dealers said.

The rupee closed at 176.50/65 against the greenback on Wednesday.

In the secondary market, bond yields were steady with some buying ahead a 125-billion-rupee Treasury bond auction, dealers said.

A 125-billion-rupee bond auction will be held on today, issuing 5-year and 16-year maturities.

A bond maturing on 15.10.2021 was quoted at 9.20/25 percent on Thursday unchanged from Wednesday’s close.

A bond maturing on 15.12.2021 was quoted flat 9.20/25 percent.

A bond maturing on 15.03.2023 was quoted at 9.70/75 percent, from yesterday’s 9.70/80 percent.

A bond maturing on 15.03.2024 was quoted at 9.85/90 percent, from yesterday’s 9.85/9.95 percent.

A bond maturing on 01.08.2026 was quoted 10.12/16 percent, up from 10.10/15 percent.

A bond maturing on 15.01.2027 was quoted at 10.18/22 percent, gaining from 10.15/25 percent.

A 10-year bond maturing on 01.05.2029 was quoted at 10.32/38 percent, down from 10.35/45 percent.

In equities, Colombo’s All Share Price Index was down 2.28 points to 5,346.29, and the S&P SL20 of more liquid stocks were 0.40 percent or 9.84 points to 2,489.76.

The market turnover was 93 million rupees, with 17 stocks gaining and 35 declining, in the first hour of trade. (Colombo 27 June, 2019)