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Sri Lanka rupee opens weaker, bond yields up

ECONOMYNEXT – Sri Lanka rupee was quoted weaker at 185.65/75 to the US dollar on Tuesday while bond yields, dealers said.

The rupee closed at 185.56/62 to the greenback on Friday as the market closed on Monday for Poya religious holiday.

Dealers said that the 2025 and 2026 maturities were illiquid foe the past few days while the other maturities too did not show high liquidity due to stagnant market movement.

In the secondary government securities market, bond yields were up in very dull trading, dealers said.

A 2-year bond maturing on 15.12.2022 was quoted at 5.75/82 percent on Tuesday, up from 5.73/80 percent at Friday’s close.

A bond maturing on 15.01.2023 was quoted at 5.83/85 percent up from 5.77/85 percent at Friday’s close.

A bond maturing on 15.09.2024 was quoted at 6.25/35 percent up from Friday’s closing at 6.22/32 percent.

A bond maturing on 01.05.2025 was quoted at 6.48/58 percent on Tuesday, up from 6.52/62 percent at last week’s closing.

A bond maturing on 01.02.2026 was quoted at 6.55/65 percent, unchanged from the previous close.

A bond maturing on 15.10.2027 was quoted at 7.00/10 percent, down from 7.02/12 percent on Friday.





A 10-year bond maturing on 15.05.2030 was quoted at 7.30/40 percent, down from 7.40/45 percent on Friday. (Colombo/Aug04/2020)


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