The Sri Lankan rupee appreciated slightly on Thursday, closing at 292.85/293.00 against the US dollar, up from 293.00/20 the previous day, according to market dealers. This marginal gain comes as the country’s bond market remains steady, with yields holding stable ahead of a scheduled Treasury bond auction on Friday.
Bond Market Highlights
- The Central Bank of Sri Lanka is set to issue 95 billion rupees worth of Treasury bonds in its auction tomorrow.
- A bond maturing on 15.12.2026 saw a slight decrease in yields, closing at 10.25/40 percent, down from 10.30/50 percent.
- Bonds maturing on 15.12.2027, 15.02.2028, and 15.09.2029 remained steady, closing at 11.40/55 percent, 11.70/80 percent, and 11.95/12.05 percent, respectively.
Steady Market Sentiment
The stability in bond yields and the slight appreciation of the rupee indicate a steady market sentiment, with investors closely watching the upcoming auction for further indications of the country’s fiscal direction.
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Last modified: October 11, 2024
