Sri Lanka rupee weaker at open, bond yields stable
Tuesday March 19, 2019 10:21
ECONOMYNEXT- Sri Lanka’s rupee opened weaker at 178.50/55 to the US dollar on Tuesday, while bond yields were stable, dealers said.
The rupee closed at 178.25/35 to the US dollar in the spot market on Monday, gaining from Friday.
Dealers said the bond market was quiet Tuesday morning, with market participants awaiting a Treasury Bill Auction.
The bills auction is scheduled for later morning, as Wednesday, when the bonds usually take place, is a holiday.
The state debt office will be offering 24 billion rupees in bills, split into 2 billion rupees each in 3-month and 6-month maturities and 20 billion rupees in 12-month maturities.
Twelve month bills were quoted at 10.50/60 percent on Tuesday, up from 10.47/55 percent at Monday’s close.
A bond maturing on 01.08.2021 was quoted at 10.75/80 percent today, stable from the previous close of 10.75/82 percent.
A bond maturing on 15.07.2023 was quoted at 10.95/10 percent on Tuesday, stable from Monday’s close of 10.95/05 percent.
A new 5-year bond maturing on 15.03.2024 was quoted at 11.06/10 percent today, easing from 11.08/10 percent at Monday’s close.
A bond maturing on 01.08.2026 was quoted at 11.15/30 percent, flat from the previous close.
A bond maturing on 15.06.2027, was quoted at 11.30/35 percent on Tuesday, edging up from 11.28/38 percent at Monday’s close.
A bond maturing on 01.09.2028, was quoted at 11.35/45 percent on Tuesday, stable from the previous close of 11.35/43 percent.
A newly-issued bond maturing on 01.05.2029 was quoted at 11.45/50 percent today, stable from Monday’s close of 11.45/52 percent.
At the Colombo Stock Exchange, the All Share Price Index was flat at 5,615.41 in the first half hour of trading, while the S&P SL20 Index of more liquid stocks was 9.81 points higher at 2,770.81.
Market turnover was 10.1 million rupees, with around 60 percent of the turnover coming from HNB Assurance Plc which was trading 80 cents higher at 133 rupees.(Colombo/Mar19/2019-SB)