Sri Lanka’s rupee opened flat on Thursday (June 5), trading at 299.31/39 against the US dollar in the spot market, maintaining near parity with Wednesday’s closing level of 299.32/38, according to market dealers.
While the currency remained stable, government bond yields saw a downward trend across several maturities. The yield on the bond maturing on 15 September 2027 declined slightly to 8.45/54 percent from the previous 8.48/55 percent. The bond maturing on 15 February 2028 was quoted at 8.65/75 percent, and the 15 October 2028 bond saw yields fall to 8.80/90 percent.
Meanwhile, the bond maturing on 15 September 2029 remained flat at 9.40/48 percent. Longer-dated bonds showed marginal movement, with the 15 March 2031 bond quoted at 9.95/10.03 percent, down slightly from 9.90/10.02 percent previously. The 1 November 2033 bond was quoted at 10.43/45 percent, and the 15 September 2034 bond stood at 10.40/50 percent.
The stable rupee and easing bond yields suggest continued investor confidence and manageable external pressures, reinforcing a cautiously optimistic outlook for Sri Lanka’s near-term financial stability.