Bonds & Forex

Sri Lanka T-bill yields down as dealers, investors awaited for more clarity on 2023 budget

Tuesday November 15, 2022 7:38 pm

ECONOMYNEXT – Yields in Sri Lanka Treasury bills fell in active trade while T-bond rates remained steady on Tuesday as the market and investors awaited for clarity on the 2023 budget presented on the previous day, dealers said.

The three-month T-bill rates closed at 32.30/33.00 percent on Tuesday, down from the previous close of 32.75/33.25 percent.

A bond maturing on 01.07.2025 closed at 32.75/33.00 percent on Tuesday, steady from 32.75/33.25 percent from the previous close.

A bond maturing on 01.07.2032 closed at 30.30/75 percent on Tuesday, hardly changed from Monday’s close of 30.30/30.90 percent.

The Central Bank’s guidance peg for interbank transactions remained unchanged at 363.50 rupees against the US dollar.

Commercial banks offered dollars for telegraphic transfers between 372.00 and 372.10 for small transactions, data showed.

Buying rates are between 362.00 – 362.10 rupees. (Colombo/Nov 15/2022)

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Bonds & Forex

Sri Lanka sells 2028 bonds at 14.52-pct

Monday September 25, 2023 6:36 pm

ECONOMYNEXT – Sri Lanka sold all offered bonds in 2026 and 2028 maturities raising 220 billion rupees from an auction Monday, data from the state debt office showed.

The debt office sold 135 billion rupees of 1 June 2026 bonds to yield 15.64 percent.

Another 85 billion rupees in 01 July 2028 bonds were sold to yield 14.52 percent.

The 2028 bond is offered on tap at the weighted average yield. (Colombo/Sept25/2023)

Commodities

Sri Lanka’s stocks end down on Monday after slow day of trading

Monday September 25, 2023 5:45 pm

ECONOMYNEXT – Sri Lanka shares were down at close of trading on Monday.

Turnover was 550 million rupees.

The main All Share Price Index was down 0.36 percent or 40.02 points to 11,216.50, while the S&P SL20 was down 0.44 percent or 14.07 points to 3,164.52.

Trading in the Capital Goods Industry (174,037,134) drove turnover.

Commercial Bank, Expolanka Holdings, and Aitken Spence plc saw losses, while National Development Bank, John Keells Holdings and Melstacorp saw gains in the day’s trading.

The market saw a net foreign inflow of 13 million rupees, while the yearly net foreign inflow was 429 million rupees. (Colombo/Sep25/2023)

Bonds & Forex

Sri Lanka rupee closes at 324.75/324.90 to the US dollar

Monday September 25, 2023 5:28 pm

ECONOMYNEXT – Sri Lanka’s rupee closed at 324.75/90 to the US dollar on Monday, from Friday’s close at 324.70/325.00 dealers said.

Bond yields were up.

A bond maturing on 01.07.2025 closed up at 15.55/15.70 percent on Monday, after closing at 14.95/15.30 percent on Friday.

A bond maturing on 01.08.2026 closed up at 15.50/15.65 percent up from 14.95/15.10 percent.

A bond maturing on 15.09.2027 closed up at 14.75/15.50 percent from 14.55/15.00 percent.

A bond maturing on 01.05.2028 closed up at 14.25/14.60 from 14.00/14.30 percent.

A bond maturing on 15.05.2030 closed stable at 13.00/13.50.

A bond maturing on 01.07.2032 closed at 12.95/13.45 percent from 13.00/13.45 percent. (Colombo/Sept25/2023)