Colombo, April 8, 2025 – The Sri Lankan rupee saw a mild dip in value against the US dollar in spot trading on Tuesday, while government bond yields remained largely stable ahead of two key debt auctions later this week.
Currency Market Update
The spot dollar was quoted at 298.00/50 rupees, slipping slightly from Monday’s 297.70/298.20 range, according to market dealers.
This marks a modest weakening of the local currency, continuing the cautious trend seen in recent sessions as traders await clarity on macroeconomic indicators and debt restructuring progress.
Bond Market Snapshot
Government securities saw minimal movement across maturities:
- 15.12.2026: Yield quoted at 9.45/55%, a slight uptick from 9.40/55%
- 15.09.2027: Held steady at 9.95/10.05%
- 15.10.2028: Dipped to 10.40/50%, from 10.45/50%
- 15.12.2029: Quoted at 10.80/85%, up from 10.75/95%
- 15.10.2030: Edged down to 10.80/11.00%, from 10.85/11.10%
Upcoming Auctions
The Central Bank of Sri Lanka has announced two auctions this week:
- Rs. 80 billion in Treasury bills will go under the hammer on Wednesday (April 9)
- Rs. 100 billion in Treasury bonds are scheduled for auction on Thursday (April 10)
These auctions are expected to provide insights into investor sentiment and demand for medium- to long-term government securities.