At Wednesday’s auction, Sri Lanka’s 3-month Treasury bill yield experienced a notable decline of 18 basis points, dropping to 9.43 percent, as per data from the state debt office. Similarly, other Treasury bill yields also showed marginal decreases. The 6-month yield fell by 13 basis points to 9.76 percent, while the 12-month yield decreased by
On Tuesday, Sri Lanka’s rupee concluded at 299.40/70 against the US dollar, a slight depreciation from the previous day’s rate of 298.00/50, according to dealers. Bond yields remained relatively stable during the trading session, with minor fluctuations observed across various maturity dates. Notably, the bond maturing on 15.12.2026 saw a marginal increase in yield, closing
The secondary bond market began the week on a positive note, witnessing robust transaction volumes and a continued decline in yields on May 6, 2024. Trading activity primarily focused on the short to medium end of the yield curve, particularly on tenors ranging from 2026 to 2032. Notably, the 15.12.26 maturity attracted significant interest, with
According to the Financial Times, Sri Lanka is exploring innovative debt restructuring measures, including the introduction of GDP-tied payouts into bonds, in an effort to attract international investors back to emerging markets. The country and its bondholders have reportedly agreed in principle to replace its $13 billion debt in default with macro-linked bonds that would
Sri Lanka recently auctioned 99.7 billion rupees worth of bonds maturing in 2028, 2030, and 2032, as reported by the state debt office. The auction saw successful sales across the board, with 15 March 2028 bonds fetching an average yield of 11.72 percent for the offered 25 billion rupees. Additionally, all 30 billion rupees of
The Sri Lankan rupee opened stronger against the US dollar, starting at 297.10/20 compared to the previous day’s close of 297.95/298.10, according to dealers. Bond market indicators showed some fluctuations: a bond maturing on 15.12.2026 was quoted lower at 11.30/34 percent, down from 11.30/40 percent; while a bond maturing on 15.09.2027 was quoted down at