Sri Lanka rupee quoted firm, gilt yields flat
ECONOMYNEXT – Sri Lanka rupee was quoted slightly stronger at 184.90/185.00 against the US dollar on Thursday while bond yields remained unchanged, dealers said.
The rupee ended at 185.00/10 rupees against the greenback on Wednesday.
In today’s cabinet meeting, Sri Lanka increased the age of employment to 16 from 15. President Gotabaya Rajapaksa took the main initiative to present the 20 amendment draft and the cabinet unanimously supported it.
Sri Lanka will also continue the non-essential goods ban of products which can be grown and harvested in the country, including new vehicles. Vehicle imports plunged 45 per cent in August.
In the secondary government securities markets, bond yields were flat, dealers said.
A 2-year bond maturing on 15.12.2022 was quoted at 5.50/60 per cent on Thursday, stable from 5.50/55 per cent at Wednesday’s closing.
A bond maturing on 15.01.2023 was quoted at 5.53/65 per cent, marginally up from 5.52/60 per cent at its last close.
A bond maturing on 15.09.2024 was quoted at 6.05/15 per cent on Thursday, up from 6.03/13 per cent at previous day’s closing.
A bond maturing on 01.05.2025 was quoted at 6.35/45 per cent, steady from 6.35/42 per cent at the previous day’s closing.
A bond maturing on 01.02.2026 was quoted at 6.55/62 per cent, steady from 6.55/60 per cent at its previous close on Wednesday.
A bond maturing on 15.08.2027 was quoted at 6.90/95 per cent, down from 6.85/95 per cent at previous day’s closing.
The new bond maturing on 01.07.2028 was quoted flat at 7.05/13 per cent on Thursday, from 7.05/12 per cent on Wednesday’s closing.
A 10-year bond maturing on 15.05.2030 closed at 7.25/40 per cent, unchanged from the previous day’s closing. (Colombo/ Sep17/2020)