Sri Lanka rupee steady, bond yields flat after auction
ECONOMYNEXT – Sri Lanka’s rupee closed steady at 176.50/70 rupees against the US dollar in the spot market on Thursday while bond yields held the same rates after the bond auction, dealers said.
The rupee closed at 176.50/65 against the greenback on Wednesday.
Liquidity in the overnight money market was 53.23 billion rupees.
The Central Bank mopped up 36.90 billion rupees in an overnight repo auction at 7.71 percent.
In the secondary market, bond yields were largely unchanged after a 125 billion rupee bond auction.
The debt office sold bond maturing 15.06.2024 for 9.83 percent, and bonds maturing on 15.03.2035 at a weighted average yield of 10.59 percent,
A bond maturing on 15.10.2021 closed at 9.20/35 percent, unchanged from 9.20/25 percent at Wednesday’s close.
A bond maturing on 15.12.2021 closed at 9.20/35 percent, steady from 9.20/25 percent.
A bond maturing on 15.03.2023 closed at 9.77/87 percent, up from 9.70/80 percent.
A bond maturing on 15.03.2024 closed at 9.93/9.98 percent, gaining from 9.85/9.95 percent.
The new auctioned 15.6.2024 bond closed at 9.93/9.98 percent, higher than the weighted average yield.
A bond maturing on 01.08.2026 closed at 10.10/25 percent, stable from 10.10/15 percent.
A bond maturing on 15.01.2027 closed at 10.18/28 percent, picking from 10.15/25 percent.
A 10-year bond maturing on 01.05.2029 closed at 10.36/44 percent, up 10.35/45 percent. (Colombo/June27/2019)