Sri Lanka rupee quoted slightly stronger, gilt yields unchanged

ECONOMYNEXT – Sri Lanka rupee quoted slightly stronger at 184.90/40 to the US dollar in the spot market on Friday while gilt yields remained unchanged in dull market trade, dealers said.

The rupee closed at 185.10/30 to the US dollar on Thursday.

In the secondary securities market, bond yields up in dull market trade on selling pressure, dealers said.

“Activities in the secondary bond market remained dull while witnessing low volumes despite the positive proposals suggested from the Budget 2021 which bodes well for the development of the bond market. Investors still adopted a wait and see approach, considering the upcoming policy meeting next week while staying on sidelines,” FirstCapital Market report said yesterday.

A 2-year bond maturing on 15.12.2022 was quoted at 5.75/95 per cent on Friday, down from 5.78/88 per cent at Thursday’s closing.

A bond maturing on 15.01.2023 was quoted flat at 5.85/95 per cent from the previous day’s end.

A bond maturing on 15.09.2024 quoted at 6.38/40 per cent on Friday, up from 6.36/40 per cent on Thursday’s end.

A bond maturing on 01.05.2025 was quoted flat at 6.45/55 per cent.

A bond maturing on 01.02.2026 quoted flat at 6.70/80 per cent, from yesterday’s closing.

A bond maturing on 15.08.2027 was quoted at 7.08/15 per cent, up from 7.06/12 per cent on Thursday’s end.

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A bond maturing on 15.07.2028 was quoted flat at 7.15/25 per cent from the previous day’s end.
(Colombo/Nov20/2020)

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