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Wednesday October 5th, 2022

Sri Lanka T-bill yields, rupee guidance peg flat in dull trade

ECONOMYNEXT – Yields in Sri Lanka’s Treasury Bills and T-bonds remained unchanged in dull trade on Monday (19), while a guidance peg for interbank transactions announced by Sri Lanka’s central bank was flat, dealers said.

A bond maturing on 01.06.2032 closed at 29.40/60 percent on Monday, hardly changed from the Friday’s close 29.45/29.55 percent.

“Market was very dull. There was no momentum at all. It could be because of the government holiday,” a dealer said.

Sri Lanka’s central bank’s guidance peg for interbank transactions on Monday was 362.90 rupees against the US dollar unchanged from Friday.

Data showed that commercial banks offered dollars for telegraphic transfers between 369.90 and 370.00 for small transactions.

Banks offered to buy inward remittances at 359.90 -360.00 rupees. (Colombo/Sep 19/2022)

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