Written by 11:43 am EcoFin Views: 4

Sri Lankan Rupee Strengthens Slightly, Bond Yields Remain Stable Ahead of Auction

Sri Lankan Rupee

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.

Visited 4 times, 1 visit(s) today

Last modified: October 11, 2024