Sri Lanka bill yields continue to edge down

ECONOMYNEXT – Sri Lanka’s Bond and Treasury bill yield continued to edge lower with stronger demand dealers said with holders of bonds who bought at high yields continuing to hold on to them, dealers said.

A bond maturing on 01.06.25 was quoted at 26.30/27.25 down from 27.00/28.00 percent from last week’s close.

A bond maturing on 15.07.29 was quoted at 28.00/30 down from 28.00/29.00 percent in the previous close.

The Three months’ bill was quoted at 31.30/ 32.00 percent at mid-market trade on Monday.

The One-year bill was quoted at 29.00/30.00 percent.

This week 55 billion rupees of bills are on offer at the auction, a lower level than earlier, which has prompted some to buy in the secondary market.

A guidance peg announced by Sri Lanka’s central bank for interbank transactions strengthened by 21 cents to 361.03 against the US dollar on July 18 from the previous 361.24, data showed on Friday.

Commercial banks offered dollars for telegraphic transfers at rates between 368.03 and 370.00 for small transactions on July 18, steady from last week, online data showed.

Banks offered to buy inward remittances at 358.03 -359.00 rupees, also steady from last week. (Colombo/July 18/2022)