Sri Lanka’s rupee opened weaker at 303.90/304.10 against the US dollar on Wednesday, compared to 303.70/304.00 on Tuesday, according to dealers. Meanwhile, bond yields continued to decline, indicating bullish sentiment in the bond market.
In the secondary market, bond yields fell as follows:
- A bond maturing on December 15, 2026, was quoted at 10.70/80 percent, down from 10.82/92 percent.
- A bond maturing on December 15, 2027, was quoted at 11.63/68 percent, down from 11.65/75 percent.
- A bond maturing on May 1, 2028, was quoted at 11.77/83 percent, down from 11.80/90 percent.
- A bond maturing on September 15, 2029, was quoted at 12.05/10 percent, down from 12.05/20 percent.
Additionally, treasury bill rates also traded lower:
- 3-month bills were at 9.65/75 percent.
- 6-month bills were at 9.80 percent.
- 1-year bills were at 9.80/95 percent.
In the equity market, Colombo’s All Share Price Index opened 4.07 points higher at 11,882, while the S&P SL20 index of more liquid stocks opened down by 0.07 percent or 2.41 points to 3,472. The market turnover was 786 million rupees.