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Sri Lanka rupee quoted firmer, gilt yields down

ECONOMYNEXT – Sri Lanka rupee quoted firmer at 184.40/50 to the US dollar on Wednesday while bond yields eased marginally, dealers said.

The rupee closed at 184.55/70 against the greenback on Tuesday.

Sri Lanka has imposed curfew in Ja-Ela and Kandana police divisions in Gampaha district until further notice the state information office said.

Overnight the total confirmed in a new cluster linked to an apparel factory increased to 832 persons.

The Health Ministry banned all public gatherings island-wide, including parties, conferences, seminars, lectures, exhibitions, concerts, festivals, processions, demonstrations and all other non-essential gatherings to curb the spread of the virus.

Liquidity in the overnight money market was 160.02 billion rupees on Tuesday, up from 136.45 billion rupees from yesterday’s close.

Banks deposited 160.02 billion rupees in the central bank’s excess liquidity window on Tuesday.

In the secondary securities market, bond yields fell in moderate trade, dealers said.

A 2-year bond maturing on 15.12.2022 closed at 5.65/75 per cent on Wednesday, down from 5.70/80 per cent at Tuesday’s closing.

A bond maturing on 15.01.2023 was quoted at 5.70/80 per cent on Wednesday, easing from 5.80/85 per cent at the last closing.

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A bond maturing on 15.09.2024 was quoted at 6.15/22 per cent, down from 6.25/30 per cent at Tuesday’s closing.

A bond maturing on 01.05.2025 was quoted at 6.40/55 per cent, falling from 6.50/65 per cent at Tuesday’s end.

A bond maturing on 01.02.2026 was quoted at 6.70/75 per cent, falling from 6.80/90 per cent at the previous day’s end.

A bond maturing on 15.08.2027 was quoted at 6.95/7.02 per cent on Wednesday, down from 7.05/10 per cent at the previous day’s end.

A bond maturing on 01.07.2028 was quoted at 7.08/28 per cent, down from 7.15/25 per cent at the previous day’s end.

A 10-year bond maturing on 15.05.2030 was quoted at 7.30/60 per cent, down from 7.40/60 per cent at Tuesday’s closing. (Colombo/October 07/2020)

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