Sri Lanka’s rupee opened steady at around 299.60/60 against the US dollar in the spot market on Monday, maintaining its position from Friday’s close of 299.65/75, dealers said. Meanwhile, government bond yields edged lower in early trading, reflecting a slight easing in the debt market.
The Colombo Stock Exchange showed positive momentum, with stocks gaining 0.6 percent within the first 15 minutes of trading.
In the bond market, yields for a range of maturities recorded slight declines. The bond maturing on 15 December 2026 was quoted at 8.85/95 percent, down from Friday’s 8.90/9.00 percent. The bond maturing on 15 September 2027 held at 9.55/65 percent. Meanwhile, the 15 October 2028 bond saw its yield slip to 10.05/15 percent, compared to 10.07/12 percent previously.
The 15 February 2028 bond yield dropped to 9.85/98 percent from 9.90/95 percent, while the 15 March 2028 bond eased to 9.90/95 percent from 9.96/10.00 percent. The bond maturing on 1 May 2028 was quoted at 9.95/10.00 percent, down from 10.00/10.03 percent, and the 1 July 2028 bond fell slightly to 10.00/05 percent from 10.03/10.06 percent.
Further along the curve, the 1 September 2028 bond was quoted at 10.00/10 percent, down from 10.07/10.30 percent, while the 15 September 2029 bond eased to 10.35/50 percent from 10.38/45 percent. The bond maturing on 15 December 2029 also saw a small dip, quoted at 10.45/52 percent, compared to 10.48/50 percent on Friday.