Sri Lanka forex markets inactive, bond yields marginally up

Sri Lanka rupee inactive in the forex market on Friday, dealers said while bond yields edged up as the country goes into a coronavirus lockdown to contain a spike in coronavirus infections in the country.

Sri Lanka has imposed a travel restriction from May 21 at 11.59 pm to May 28 with a one-day break in between on May 25 as the health officials are trying to contain the spread of a third-wave COVID-19 infection.

The country also suspended all inbound passengers from May 23 to May 31.

On Thursday the rupee closed at 199/208 levels to one month dollar.

A spot deal was done on Tuesday for 199.99 to the US dollar

Banks were offering dollars telegraphic transfers at 198.1789/ 202.8796 levels on Thursday.

In the secondary market, bond yields were steady, dealers said.

Bonds maturing on 15/12/2022 closed at 5.60/65 per cent on Friday, up from 5.58/65 per cent on Thursday.

Bonds maturing on 15.11.2023 closed at 6.25/32 per cent on Friday, up from 6.23/28 per cent on Thursday.

Bonds maturing on 01.12.2024 closed at 6.62/65 per cent on Friday, up from 6.60/65 per cent on Thursday.

A bond maturing on 01.05.2025 closed at 6.90/7.00 per cent on Friday, up from 6.88/95 per cent on Thursday.

A bond maturing on 01.02.2026 closed at 7.27/33 per cent on Friday, up from 7.26/33 per cent on Thursday.

A bond maturing on 15.10.2027 closed at 7.60/90 per cent on Friday, wider from 7.60/80 per cent on Thursday.

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