Sri Lanka’s rupee ends firmer, bond yields steady

ECONOMYNEXT – Sri Lanka’s rupee closed firmer at 175.65/75 rupees to the US dollar in the spot market Tuesday, while bond yields remained unchanged, market participants said.

The rupee closed at 176.00/10 against the greenback on Monday.

Liquidity in the overnight money market was 27.56 billion rupees, up from 26.05 billion rupees previous day.

Central Bank mopped up 9.45 billion rupees in an overnight repo auction at 7.71 percent.

In the government securities market, bond yields remained stable in dull trading, dealers said.

The market is adopting a wait and see approach ahead of tomorrow weekly bill auction and the monetary policy meeting on Thursday, dealers said.

A bond maturing on 15.10.2021 closed at 9.05/10 percent on Tuesday, up from 9.00/08 percent Monday’s close.

A bond maturing on 15.03.2023 closed at 9.58/62 percent, steady from 9.58/63 percent.

A bond maturing on 15.6.2024 closed at 9.82/84 percent, stable from 9.82/85 percent.

A bond maturing on 01.08.2026 closed at 10.05/12 percent, gaining from 10.03/13 percent.





A bond maturing on 15.01.2027 closed flat at 10.12/17 percent.

A 10-year bond maturing on 01.05.2029 closed at 10.23/25 percent, up from 10.20/25 percent.
(COLOMBO, 09 July, 2019)

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