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Sri Lanka forex markets inactive, bond yields marginally up

Date : 2021-May-21
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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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