Sri Lanka’s rupee opened largely unchanged in the spot market on Wednesday, trading at 299.00/20 against the US dollar, holding steady from Monday’s close of 299.00/10, according to market dealers.
Government securities also remained broadly stable, with bond yields showing minimal movement. A bond maturing on February 15, 2028 was quoted at 8.65 to 8.75 percent, while the yield on the September 15, 2029 maturity stood at 9.38 to 9.48 percent. The March 15, 2031 bond was seen trading slightly lower at 9.90 to 10.00 percent, compared to the previous quote of 9.92 to 10.00 percent. Meanwhile, the yield on the December 15, 2032 bond held at 10.15 to 10.30 percent.
Investor attention was also focused on two key debt auctions. A Treasury bill auction for Rs. 175 billion was underway, while a Treasury bond issue amounting to Rs. 111 billion is scheduled for Thursday.
On the equity front, the Colombo Stock Exchange opened in positive territory, reflecting cautious optimism among investors amid stable macro indicators.
#SriLankaMarkets #ForexUpdate #GovernmentBonds