Sri Lanka short bond yields up, rupee stronger
ECONOMYNEXT – Sri Lanka’s bond yields edged up slightly on Monday, ahead of a Tuesday holiday, dealers said while stocks closed lower, provisional stock exchange data showed.
In bond markets 4-year bonds maturing on 01.08.2021 trade at a yield as high was 10.43 percent, up from last week’s 10.35 levels in a mostly inactive market dealer said.
Other bonds were also about 5 to 10 basis points higher on two way quotes, dealer said.
The Colombo All Share Index closed 5.18 points down at 6,385.56 provisional stock exchange data showed, with Dialog down 10 cents to 11.30 rupees, Hayleys down 4.20 to 275.80 rupees, contributing most.
In forex markets the rupee was quoted a 152.40/50 to the US dollar in late afternoon trade, up from Friday’s closing of 152.65/76 dealers said.
The rupee moved up on some forward selling, they said. (Colombo/Sept04/2017)