Sri Lanka rupee closed weaker, gilt yields wider


COLOMBO – Sri Lanka rupee closed weaker at 184.20/30 to the US dollar on Wednesday (21) while bond yields ended wider after the bills auction.

The rupee closed at 184.45/60 against the greenback on Tuesday (20).

In the secondary securities market, bond yields fell marginally while the overall market were active, dealers said.

Sri Lanka’s debt office offered Rs 40 billion Treasury bill to be sold in an auction held on Wednesday. The bills are split into Rs 4 billion maturing in 3-months, Rs 18 billion maturing in 6-months and Rs 18 billion maturing in 12-months.

A 2-year bond maturing on 15.12.2022 closed at 5.40/50%, down from 5.55/60% at Tuesday’s closing, while a bond maturing on 15.01.2023 closed at 5.40/55% down from 5.55/68% at the last closing and a bond maturing on 15.09.2024 closed at 5.97/03, down from 6.02/07% at the previous closing.

A bond maturing on 01.05.2025 closed at 6.20/35%, down from 6.30/35% at its last closing, and a bond maturing on 01.02.2026 closed at 6.45/55%, down from 6.53/56% and a bond maturing on 15.08.2027 closed at 6.70/85%, down from 6.82/88 % on Tuesday.

A bond maturing on 01.07.2028 closed at 6.85/7.05% , down from the 7.05/10% on Tuesday, while a 10-year bond maturing on 15.05.2030 closed at 7.10/30% , down from 7.35/40% at the previous day’s end.

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