Sri Lanka rupee steady, bonds dull ahead of bill auction
ECONOMYNET – Sri Lanka’s rupee was quoted 180.05/15 to the US dollar in the spot market shortly after opening stronger from yesterday’s closing around 180.10/30 levels yesterday, while bond were dull, ahead of bill auction later today dealers said.
The spot had weakened slightly over the week.
In money markets overnight money was quoted 8.97/9.00 percent and in the repo markets bids were around 8.95 percent with no offers. In December there is a seasonal liquidity demand.
Markets are awaiting the swearing in of a new cabinet of ministers, with more crossovers also likely, political.
Bonds were quiet with no active trading.
The 15.12.2021 bond which was auctiond ast week, was quoted at 11.73/80 percent Wednesday, which is lower than the 11.88 weighted average at auction.
The 01.08.2026 bond was quoted around at 12.00/12.05 percent down from the weighted average of 12.23 percent.
The 12-month Treasuries was quoted at 11.05/20 percent ahead of an 18 billion rupees auction later closed where 8 billion six month bills and 10 billion one year bills are offered. (Colombo/Dec19/2018)