Forex Market

Sri Lanka Rupee Holds Steady; Government Bond Yields Unchanged

Sri Lanka’s rupee opened flat in the spot market on Friday, trading at 299.30/45 against the U.S. dollar, unchanged from Thursday’s close of 299.35/45, according to currency dealers.

Meanwhile, government bond yields remained steady across maturities, indicating a calm start to the trading day in both forex and fixed income markets.

The yield on the bond maturing on 15 May 2027 was quoted at 8.20/30 percent, while the 15 October 2028 bond traded at 8.80/90 percent.
The 15 September 2029 bond saw yields at 9.35/40 percent, and the longer-term 15 September 2034 bond remained flat at 10.35/45 percent.

The stability in both the currency and bond markets reflects cautious investor sentiment amid a relatively steady macroeconomic backdrop.