Sri Lanka rupee quoted weaker, gilt yields flat

ECONOMYNEXT – Sri Lanka rupee was quoted at 185.30/70 to the US dollar in the spot next-market on Monday while gilt yields remained unchanged in the overall market, dealers said.

The rupee closed at 184.90/185.20 to the US dollar on Friday.

In the secondary securities market, bond yields remained steady with short tenors actively quoted, but the market was dull. Yields did not react much to the downgrade.

A 2-year bond maturing on 15.12.2022 was quoted at 5.85/90 per cent on Monday, steady from 5.80/85 per cent at Friday’s closing.

A bond maturing on 15.01.2023 was quoted flat at 5.85/95 per cent on Monday from Friday’s end.

A bond maturing on 15.09.2024 was quoted at 6.50/57 per cent, steady from 6.50/55 per cent at Friday’s end.

A bond maturing on 01.05.2025 was quoted indicative at 6.60/80 per cent, up from 6.55/65 per cent from Friday’s closing.

A bond maturing on 01.02.2026 was quoted at 6.75/95 per cent, down from 6.80/90 per cent from the last closing.

A bond maturing on 15.08.2027 was quoted indicative at 7.15/25 per cent, from 7.15/23 per cent at the previous day’s end.

A bond maturing on 15.07.2028 was quoted indicative at 7.25/40 per cent, down from 7.25/40 per cent at Friday’s end.
(Colombo/Nov30/2020)

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