Sri Lanka bond yields slightly up, rupee stronger

Sept 24, 2015 (LBO) – Sri Lanka’s government bond yields picked up on longer tenors Monday after active trading on Friday saw some of the biggest one day falls in recent history, while the rupee opened stronger against the dollar dealers said. A 2-year bond maturing on 01.04.2014 was quoted at 13.17/25 percent, about Friday’s closing price but higher than intra-day lows of 13.00 percent.

A 3-year bond maturing on 15.07.2015 which fell as much as 13.10 percent on Friday was quoted at 13.28/33 percent levels.

A 4-year bond maturing on 01.04.2016, which traded as low as 13.40 Friday was quoted around 14.55/70 percent levels.

A 5-year bond maturing on 15.07.2017 which traded at 13.70 traded on Friday was quoted at 13.85/90 about 10 basis points higher than Friday’s closing.

On Friday bonds yields fell 40 to 50 basis points across maturities, but closed higher.

In forex markets the spot US dollar was quoted stronger at 131.05/08 rupees up from 131.40/55 levels Friday.