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Sri Lanka rupee quoted lower, gilt yields steady

ECONOMYNEXT – Sri Lanka rupee was quoted lower at 184.35/45 to the US dollar on Monday while bonds were steady, dealers said.

The rupee closed at 184.25/35 against the greenback on Thursday.

Sri Lanka extended the coronavirus curfew imposed in the Western Province till next Monday (09 November) as the infection cases and death continued to rise.

Out of some 5000 PCR tests conducted in Colombo, 1000 odd positive cases were found.

Meanwhile, Sri Lanka’s gross domestic product is forecasted to shrink 1.7 per cent in 2020, and recover to a 5.0 per cent growth in 2021, the central bank.

In the secondary securities market, bond yields were steady while the overall the market was dull, dealers said.

Dealers said the investors have taken a wait and watch stance as the new outbreak in the country has created a sense of uncertainty.

A 2-year bond maturing on 15.12.2022 was quoted at 5.57/60 per cent on Monday, up from 5.55/60 per cent at Thursday’s closing.

A bond maturing on 15.01.2023 was quoted at flat 5.60/65 per cent from Thursday’s end.

A bond maturing on 15.09.2024 was quoted at 6.15/24 per cent, steady from 6.15/20 per cent.

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A bond maturing on 01.05.2025 was quoted at 6.35/45 per cent, steady from 6.35/40 per cent at the last closing.

A bond maturing on 01.02.2026 was quoted at 6.60/64 per cent, steady from 6.60/62 per cent at Thursday’s closing.

A bond maturing on 15.08.2027 was quoted flat 6.85/95 per cent.

A bond maturing on 01.07.2028 was quoted at 7.10/12 per cent on Monday, down from 7.08/12 per cent at previous day’s closing.

A 10-year bond maturing on 15.05.2030 was quoted flat at 7.40/50 per cent at previous day’s closing. (Colombo/November02/2020)

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