The Sri Lankan rupee opened slightly weaker in the spot market on Monday, trading at 299.55/65 per US dollar, compared to Friday’s close of 299.48/52, according to market dealers. The marginal dip in the currency reflects ongoing fluctuations in forex demand and supply dynamics.
Meanwhile, government bond yields showed a mixed trend, with shorter-tenor bonds inching up and longer-tenor yields trending downward.
The yield on the bond maturing on 15 October 2028 edged up, quoted at 9.93/98 percent, slightly higher than the previous 9.92/97 percent.
However, longer-dated maturities experienced a softening in yields. The bond maturing on 15 December 2029 eased to 10.26/28 percent, compared to the previous 10.34/38 percent. Similarly, the bond maturing on 15 March 2031 saw yields fall to 10.73/78 percent, from Friday’s 10.77/83 percent.
The movements reflect a cautious optimism in the bond market, amid ongoing adjustments to monetary expectations and external fiscal developments.