Currency gains marginally while government prepares to issue Rs. 295 billion in Treasury bonds
Sri Lanka’s rupee opened slightly stronger in the spot market on Thursday, trading at 299.90/300.10 against the US dollar, compared to Wednesday’s closing rate of 300.05/15, according to market dealers. The currency’s marginal gain reflects a moment of stability ahead of a major government bond auction.
Government bond yields remained largely unchanged, with minor declines observed in some maturities. The bond maturing on 15th December 2026 was quoted at 8.05/15 percent, slightly down from the previous 8.06/15 percent. The 15th September 2027 bond saw a marginal dip to 8.45/55 percent from 8.45/58 percent, while the 15th October 2028 bond eased to 8.90/96 percent from 8.90/97 percent. Meanwhile, the bond maturing on 15th December 2029 held steady at 9.50/55 percent.
Market attention is also turning to the upcoming Treasury bond auction scheduled for June 27, where the government plans to raise Rs. 295 billion. This significant issuance is expected to be a key test of investor sentiment amid gradually improving financial conditions.