Sri Lanka’s rupee appreciated on Tuesday, closing at 293.15/20 against the US dollar, up from the previous day’s rate of 293.45/55, according to market dealers. This marks a continued strengthening trend for the local currency.
Meanwhile, bond yields showed a slight increase ahead of significant Treasury bill and bond auctions scheduled for this week. A bond maturing on 15.12.2026 closed at 10.40/60 percent, edging up from 10.40/50 percent. Similarly, a bond maturing on 15.12.2027 closed at 11.45/65 percent, compared to 11.50/60 percent the day before.
The bond maturing on 15.02.2028 saw its yield rise to 11.70/85 percent, up from 11.65/75 percent, and the bond maturing on 15.09.2029 increased to 12.00/20 percent from the previous 11.95/12.05 percent.
Ahead of these movements, the Central Bank of Sri Lanka announced an auction offering 95 billion rupees in Treasury bonds on Friday (11), along with 85 billion rupees in Treasury bills set for auction on Wednesday (9), which has contributed to the rise in bond yields.
These auctions are expected to provide insight into investor sentiment and the country’s financial trajectory in the coming months.