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Sri Lanka Treasuries, bond yields fall across maturities; rupee weaker

ECONOMYNEXT – Sri Lanka’s Treasuries yields fell across maturities at Wednesday’s auction with the 12-month yield falling 08 basis points to 7.10 percent, data from the state debt office showed, with bond yields also falling during the day.

The 3-month yield fell 05 basis points to 6.73 percent and the 6-month yield fell 03 basis points to 7.04 percent.

The Central Bank accepted 12.5 billion rupees in 3-month bills, 4.8 billion in 6-months and 6.6 billion in 12-month bills totalling 23.9 billion rupees.

There is an estimated 35 billion rupees in bills maturing this week. Over the last two weeks, large volumes of debt has been monetized, generating excess demand and currency pressure.

Bond yields also plunged 30 to 40 basis points before and after the bill auction.

There have been no bond auctions this week and active foreign selling not seen dealer say.

3-year bonds maturing on 15.11.2018 closed at 8.85/95 down from 9.10/20 yesterday.

5-year bonds closed at 01.05.2020 closed down 9.15/20 percent falling as low as 9.10 percent down from yesterday’s 9.50/55 percent.

8-year bonds maturing on 01.09.2023 closed down at 9.45/55 percent falling as low as low as 9.40 percent, down from 9.85/95 yesterday.

10-year bonds maturing on 01.08.2025 9. 60/75 down from yesterday’s close of 10.00/04 percent.





The 30-year bond maturing on 01.04.2045 was also quoted at 10.75/11.25 percent, dealers said.

In forex markets the rupee opened at 140.50/70 levels and dropped towards 141 and recovered to close at 140.80/90 levels, dealers said. (Colombo/Oct14/2015 – Update II)

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