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Sri Lanka rupee quoted weak, bond yields unchanged

ECONOMYNEXT – Sri Lanka rupee was quoted weaker at 185.50/65 against the US dollar on Monday while bond yields remained unchanged, dealers said.

The rupee closed at 185.40/55 to the greenback on Friday.

In the secondary government securities markets, bond yields were flat, dealers said.

Foreign investors have bought Sri Lanka bond for the second weak running after several months of net foreign selling. Foreign holdings of rupee bonds fell to a low of 11.7 billion rupees on September 02, increased to 12.6
billion rupees on September 09 and 13.5 billion rupees on September 16.

A 2-year bond maturing on 15.12.2022 was quoted at 5.50/58 per cent on Monday, down from 5.53/58 per cent at Friday’s closing.

A bond maturing on 15.01.2023 was quoted at 5.55/62 per cent, flat from its last close.

A bond maturing on 15.09.2024 was quoted at 6.07/10 per cent on Monday, marginally down from 6.08/10 per cent at previous day’s closing.

A bond maturing on 01.05.2025 was quoted at 6.35/45 per cent, stable from 6.35/43 per cent at the previous day’s closing.

A bond maturing on 01.02.2026 was quoted at 6.55/62 per cent, slightly down from 6.56/62 per cent at its previous close on Friday.

A bond maturing on 15.08.2027 was quoted at 6.87/95 per cent, down from 6.90/95 per cent at previous day’s closing.

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The new bond maturing on 01.07.2028 was quoted at 7.05/12 per cent, steady from 7.05/15 per cent at Friday’s closing.

A 10-year bond maturing on 15.05.2030 was quoted at 7.25/40 per cent, up from 7.23/33 per cent at the previous day’s closing.
(Colombo/ Sep21/2020)

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