Sri Lanka rupee ends weaker, gilt yields remain flat

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ECONOMYNEXT- Sri Lanka’s rupee closed weaker at 181.50/60 to the US dollar in the spot market on Thursday, while bond yields remained broadly flat, dealers and brokers said.

The rupee closed at 181.45/50 to the greenback on Wednesday.

Liquidity in the overnight money market was 29.76 billion rupees, up from 31.02 billion rupees at Wednesday’s close.

Banks deposited 32.76 billion through Central Banks’ excess liquidity window.

In the secondary bond market, yields were flat in moderate trading, dealers said.

Dealers said liquidity centered around the short tenor maturities 2023’s and 2024’s.

A bond maturing on 15.12.2021 closed at 8.70/90 percent on Thursday, gaining from 8.65/85 percent at Wednesday’s close.

A bond maturing on 01.09.2023 closed at 9.30/32 percent today, marginally down from its last closing at 9.31/35 percent yesterday.

A bond maturing on 15.09.2024 closed at 9.50/54 percent, stable from 9.50/53 percent on yesterday’s closing.

A bond maturing on 15.10.2027 closed at 9.70/77 percent, steady from 9.70/75 percent.

A bond maturing on 15.05.2030 closed at 9.85/95 percent unchanged from Wednesday’s closing.

A bond maturing on 15.09.2034 closed at 9.90/10.05 percent, steady from 9.92/10.05 from its previous close. (Colombo/Jan23/2020)

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