Sri Lanka’s rupee opened weaker at 292.68/75 to the US dollar on Friday, reflecting a slight dip from 292.55/65 on Thursday. Meanwhile, bond yields showed a significant decrease across the board, with notable drops in the yields for bonds maturing in 2026, 2027, and 2028.
For instance, a bond maturing on 15.12.2026 was quoted at 10.45/55 percent, a decrease from 10.40/60 percent. Similarly, bonds maturing on 15.12.2027 and 15.02.2028 saw their yields decline from 11.30/35 percent to 11.30/45 percent and from 11.80/86 percent to 11.58/60 percent, respectively.
In addition to the weakening rupee, the Sri Lanka Central Bank announced the issuance of Rs. 85,000 million in Treasury Bonds under the series 09.00% 2028 ‘B’, and Rs. 47,500 million in Treasury Bonds under the series 09.00% 2032 ‘A’, scheduled for an auction on November 12.
In the equities market, Colombo’s All Share Price Index opened up by 0.39 percent, or 49.70 points, reaching 12,777. The S&P SL20 index of more liquid stocks saw a smaller increase of 0.16 percent, or 6.06 points, reaching 3,829.
Market turnover for the day was reported at 198 million rupees.