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Sri Lanka’s rupee ends firmer, gilt yields edge up

ECONOMYNEXT – Sri Lanka rupee closed firmer at 176.35/45 on Thursday and bonds yields edged up, dealers said.

The rupee ended around 176.45/55 to the US dollar on Tuesday, which was the last market day.
 
Liquidity in money markets grew to 32.91 billion rupees on Thursday, up from 25.32 billion rupees on Tuesday.
 
The central bank mopped up 15 billion rupees through an overnight repo auction at 7.88 percent. There were no term repo maturities.
 
In the secondary market, gilt yields gained towards the end of the day in an active afternoon session, dealers said.
 
Dealers said that foreign selling centred on 2021 bonds while foreigners bought 2020 bonds.
 
A bond maturing on 15.12.2021 closed at 9.60/70 percent on Thursday, up from Tuesday’s closing of 9.55/65 percent.
 
A bond maturing on 15.03.2023 closed at 10.05/15 percent, up from 10.00/10 percent.
 
A bond maturing on 15.03.2024 closed at 10.20/30 percent, gaining from 10.10/18 percent.
 
A bond maturing on 01.08.2026 closed at 10.47/55 percent, up from 10.42/50 percent.
 
A bond maturing on 15.01.2027 closed at 10.55/65 percent, higher from 10.50/54 percent on Monday.
 
A 10-year bond maturing on 01.05.2029 closed at 10.55/75 percent, steady from 10.55/63 percent. (COLOMBO, 6 June, 2019)

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