Sri Lanka rupee quoted around 197.50/198.00 levels in spot-next

ECONOMYNEXT –Sri Lanka rupee quoted around 197.50/198.00 levels to the US dollar in the spot-next market on Wednesday, while bond yields quoted wider, dealers said.

The rupee last closed in one-week forward market at 197.50/198.50 levels on Tuesday.

In the secondary market bond yields edged up drastically, dealers said.

Market participants expect the market rates to go up.

Sri Lanka’s debt office is offering 38 billion rupees bills in a weekly bills auction to be held on February 17. The 38 billion rupees bills will be split into 5 billion rupees maturing in 3-months, 8-billion rupees maturing in 6-months and 25-billion rupees maturing in 12-months.

A bond maturing on 15.12.2022 was quoted at 5.75/85 per cent on Wednesday, up from 5.60/75 per cent at Tuesday’s close.

A bond maturing on 01.10.2023 was quoted 6.05/15 per cent on Wednesday, gaining from 6.00/10 per cent at the previous day’s close.

A bond maturing on 01.12.2024 was quoted at 6.75/85 per cent, up from 6.67/77 per cent at the previous day’s end.

A bond maturing on 01.05.2025 was quoted at 7.05/15 per cent, gaining from 6.90/7.10 per cent at Tuesday’s end.

A bond maturing on 01.02.2026 was quoted at 7.15/50 per cent on Wednesday.

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A bond maturing on 15.08.2027 was quoted at 7.35/80 per cent on Wednesday, up from 7.30/50 per cent at Tuesday’s end.

A bond maturing on 15.05.2030 was quoted at 8.10/50 per cent on Wednesday, up from 8.00/20 per cent at Tuesday’s end. (Colombo/Feb17/2021)

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