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Sri Lanka’s rupee ends firmer against US dollar, bond yields ease

ECONOMYNEXT – Sri Lanka’s rupee closed stronger at 176.00/10 to the US dollar in the spot market on Wednesday while bond yields eased marginally, brokers and dealers said.

The rupee closed at 176.30/40 against the greenback on Tuesday.

In the government securities market, bond yields eased after the weekly bill auction, dealers said.

Sri Lanka’s debt office offered a 23 billion rupees auction, split into 7.5 billion rupees in 3-month bills, 3.5 billion rupees in 6-month maturity and 12 billion rupees in 12-months bills.

The dealers said the auction went as expected.

The 3-month yield fell 07 basis points to 8.17 percent and the 6-month yield fell 17 basis points to 8.32 percent with the 12-month yield down 11 basis points to 8.59 percent, data from the state debt office showed.

A bond maturing on 15.10.2021 closed at 9.20/25 percent, steady from 9.20/28 percent at Tuesday’s close.

A bond maturing on 15.03.2023 closed at 9.70/77 percent, steady from 9.70/78 percent.

A bond maturing on 15.6.2024 closed at 9.86/89 percent, up from 9.85/90 percent.

A bond maturing on 01.08.2026 closed at 10.09/19 percent, easing from 10.10/20 percent.

A bond maturing on 15.01.2027 closed at 10.18/23 percent, edging up from 10.17/25 percent.

A 10-year bond maturing on 01.05.2029 closed at 10.30/34 percent, steady from 10.30/35 percent. (COLOMBO/03/07/2019)

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