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Sri Lanka bond yields flat, rupee guidance rate down 20 cents

ECONOMYNEXT – A guidance peg for interbank transactions announced by Sri Lanka’s central bank weakened by 20 cents while Yields in Sri Lanka Treasury Bills and T-bond rates remained unchanged in dull trade on Monday, dealers said.

Only a handful of maturities were quoted in the secondary market as the market gears for the T-bond auction tomorrow, analysts said.

A bond maturing on 01. 06. 2025 closed at 28.00/28.15 percent, steady from 28.00/08 percent steady at Friday’s close.

A bond maturing on 15.05.2031 closed 28.00/29.15 percent on Monday, steady from 28.30/29.00 percent from the previous close.

Sri Lanka’s debt office has to sell 75 billion rupees in bonds in an auction on September 13.

On September 14, the debt office offered to sell 80 billion rupees in T-bills.

Sri Lanka’s central bank announced a guidance peg for interbank transactions weakened by 20 cents to 362.20 rupees against the US dollar on Friday from 362.00 rupees.

Data showed that commercial banks offered dollars for telegraphic transfers between 369.00 and 370.00 for small transactions.

Banks offered to buy inward remittances at 359.00 -359.00 rupees. (Colombo/Sep12/2022)

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