Bonds & Forex – EconomyNext

Sri Lanka rupee opens stable at 301.85/302.00 to US dollar

Nirmalie Alahakone — Mon, 03 Jun 2024 04:15:02 +0000

ECONOMYNEXT – Sri Lanka’s rupee opened stable at 301.85/302.00 to the US dollar on Monday, from 301.90/302.00 the previous week, dealers said. Bond yields were steady.

A bond maturing on 15.12.2026 was quoted up at 9.75/85 percent from 9.80/95 percent.

A bond maturing on 15.09.2027 was quoted at 10.40/50 percent from 10.40/55 percent.

A bond maturing on 01.07.2028 was quoted stable at 10.80/90 percent.

The Colombo Stock Exchange opened down. The All Share Price Index was down 0.03 percent at 12,103, the S&P SL20 was down 0.14 percent at 3,563. (Colombo/June3/2024)

Sri Lanka rupee closes weaker at 301.90/302.00 to US dollar

Nirmalie Alahakone — Fri, 31 May 2024 11:38:33 +0000

ECONOMYNEXT – Sri Lanka’s rupee closed weaker at 301.90/302.00 to the US dollar on Friday, from 301.85/90 the previous day, dealers said. Bond yields were slightly up.

A bond maturing on 15.12.2026 closed up at 9.80/95 percent from 9.70/80 percent.

A bond maturing on 15.09.2027 closed stable at 10.40/55 percent.

A bond maturing on 01.07.2028 closed up at 10.80/90 percent from 10.70/80 percent.

A bond maturing on 15.01.2030 closed up at 11.65/75 percent from 11.60/80 percent.
(Colombo/May31/2024)

Sri Lanka rupee opens stable at 301.75/80 to US dollar

Nirmalie Alahakone — Fri, 31 May 2024 04:10:48 +0000

ECONOMYNEXT – Sri Lanka’s rupee opened somewhat stable at 301.75/80 to the US dollar on Friday, from 301.85/90 the previous day, dealers said. Bond yields were steady.

A bond maturing on 15.12.2026 was quoted stable at 9.70/80 percent.

A bond maturing on 15.09.2027 was quoted down at 10.35/50 percent from 10.40/55 percent.

A bond maturing on 01.07.2028 was quoted stable at 10.70/80 percent.

A bond maturing on 15.05.2030 was quoted at 11.55/75 percent.

The Colombo Stock Exchange opened up. The All Share Price Index was up 0.10 percent at 12,182, the S&P SL20 was down 0.23 percent at 3,594. (Colombo/May31/2024)

Sri Lanka rupee closes flat at 301.85/90 to US dollar

Nirmalie Alahakone — Thu, 30 May 2024 11:33:50 +0000

ECONOMYNEXT – Sri Lanka’s rupee closed broadly flat at 301.85/90 to the US dollar on Thursday, from 301.60/302.00 the previous day, dealers said. Bond yields were steady.

A bond maturing on 15.12.2026 closed down at 9.70/80 percent from 9.70/85 percent.

A bond maturing on 15.09.2027 closed up at 10.40/55 percent from 10.30/40 percent.

A bond maturing on 01.07.2028 closed stable at 10.70/80 percent.

A bond maturing on 15.01.2030 closed up at 11.60/80 percent from 11.50/75 percent.

A bond maturing on 01.10.2032 closed at 11.80/90 percent from 11.80/95 percent. (Colombo/May30/2024)

Sri Lanka rupee opens lower at 301.60/75 to US dollar

Nirmalie Alahakone — Thu, 30 May 2024 04:06:42 +0000

ECONOMYNEXT – Sri Lanka’s rupee opened lower at 301.60/75 to the US dollar on Thursday, from 301.60/302.00 the previous day, dealers said. Bond yields were steady.

A bond maturing on 15.12.2026 was quoted at 9.70/80 percent from 9.70/85 percent.

A bond maturing on 15.09.2027 was quoted up at 10.25/35 percent from 10.30/40 percent.

A bond maturing on 01.07.2028 was quoted up at 10.75/80 percent from 10.70/80 percent.

The Colombo Stock Exchange opened up. The All Share Price Index was up 0.09 percent at 12,113, the S&P SL20 was down 0.16 percent at 3,552. (Colombo/May30/2024)

Sri Lanka rupee closes broadly flat at 301.60/302.00 to US dollar

Nirmalie Alahakone — Wed, 29 May 2024 12:03:17 +0000

ECONOMYNEXT – Sri Lanka’s rupee closed broadly flat at 301.60/302.00 to the US dollar on Wednesday, from 301.70/302.30 the previous day, dealers said. Bond yields were down.

A bond maturing on 15.12.2026 closed down at 9.70/85 percent from 9.90/10.05 percent.

A bond maturing on 15.09.2027 closed down at 10.30/40 percent from 10.30/55 percent.

A bond maturing on 01.07.2028 closed down at 10.70/80 percent from 10.90/11.00 percent.

A bond maturing on 15.01.2030 closed down at 11.50/75 percent from 11.60/80 percent.

A bond maturing on 01.10.2032 closed down at 11.80/95 percent from 11.85/12.00 percent. (Colombo/May29/2024)

Sri Lanka Treasury bill yields fall across maturities, 3-months 8.62-pct

Nirmalie Alahakone — Wed, 29 May 2024 11:37:40 +0000

ECONOMYNEXT – Sri Lanka Treasury bill yields dropped across maturities at Wednesday’s auction, with the 3-month yield falling to 8.62 percent, data from the state debt office showed.

The debt office sold all 30 billion rupees of 3-month bills offered at 8.62 percent down from 8.76 percent.

All 50 billion rupees offered of 6-month bills were sold, at 9.04 percent, down from 9.17 percent.

And all 80 billion rupees offered of 12-month bills were sold at 9.18 percent, down from 9.29 percent.
(Colombo/May29/2024)

Sri Lanka rupee opens stronger at 301.00/20 to US dollar

Nirmalie Alahakone — Wed, 29 May 2024 04:12:30 +0000

ECONOMYNEXT – Sri Lanka’s rupee strengthened to open at 301.00/20 to the US dollar on Wednesday, from 301.70/302.30 the previous day, dealers said. Bond yields were broadly steady.

A bond maturing on 15.12.2026 was quoted up at 9.90/10.00 percent from 9.90/10.05 percent.

A bond maturing on 15.09.2027 was quoted at 10.35/45 percent from 10.30/55 percent.

A bond maturing on 01.07.2028 was quoted stable at 10.90/11.00 percent.

The Colombo Stock Exchange opened down. The All Share Price Index was down 0.82 percent at 12,127, the S&P SL20 was down 1.72 percent at 3,556. (Colombo/May29/2024)

Sri Lanka rupee closes weaker at 301.70/302.30 to US dollar

Nirmalie Alahakone — Tue, 28 May 2024 11:46:52 +0000

ECONOMYNEXT – Sri Lanka’s rupee depreciated to close at 301.70/302.30 to the US dollar on Tuesday, from 300.50/70 the previous day, dealers said. Bond yields were broadly steady.

A bond maturing on 15.12.2026 closed stable at 9.90/10.05 percent.

A bond maturing on 15.09.2027 closed up at 10.30/55 percent from 10.30/40 percent.

A bond maturing on 01.07.2028 closed up at 10.90/11.00 percent from 10.80/95 percent.

A bond maturing on 15.01.2030 closed stable at 11.60/80 percent.

A bond maturing on 01.10.2032 closed at 11.85/12.00 percent from 11.85/12.05 percent. (Colombo/May28/2024)

Sri Lanka rupee opens broadly stable at 300.50/90 to US dollar

Nirmalie Alahakone — Tue, 28 May 2024 04:06:45 +0000

ECONOMYNEXT – Sri Lanka’s rupee opened broadly stable at 300.50/90 to the US dollar on Tuesday, from 300.50/70 the previous day, dealers said. Bond yields were steady.

A bond maturing on 15.12.2026 was quoted at 9.95/10.00 percent from 9.90/10.05 percent.

A bond maturing on 15.09.2027 was quoted up at 10.35/40 percent from 10.30/40 percent.

A bond maturing on 01.07.2028 was quoted up at 10.90/95 percent from 10.80/95 percent.

A bond maturing on 15.01.2030 was quoted stable at 11.60/80 percent.

The Colombo Stock Exchange opened down. The All Share Price Index was down 0.06 percent at 12,303, the S&P SL20 was down 0.06 percent at 3,649. (Colombo/May28/2024)

Sri Lanka rupee closes weaker at 300.50/70 to US dollar

Nirmalie Alahakone — Mon, 27 May 2024 11:43:49 +0000

ECONOMYNEXT – Sri Lanka’s rupee depreciated slightly to close at 300.50/70 to the US dollar on Monday, from 300.10/30 the previous week, dealers said. Bond yields were slightly up.

A bond maturing on 15.12.2026 closed up at 9.90/10.05 percent from 9.85/10.00 percent.

A bond maturing on 15.09.2027 closed up at 10.30/40 percent from 10.25/40 percent.

A bond maturing on 01.07.2028 closed up at 10.80/95 percent from 10.70/80 percent.

A bond maturing on 15.01.2030 closed up at 11.60/80 percent from 11.55/70 percent.

A bond maturing on 01.10.2032 closed up at 11.85/12.05 percent from 11.75/90 percent. (Colombo/May27/2024)

Sri Lanka rupee opens broadly stable at 300.15/50 to US dollar

Nirmalie Alahakone — Mon, 27 May 2024 04:05:39 +0000

ECONOMYNEXT – Sri Lanka’s rupee depreciated slightly to open at 300.15/50 to the US dollar on Monday, from 300.10/30 the previous week before the long weekend, dealers said. Bond yields were down.

A bond maturing on 15.12.2026 was quoted down at 9.85/95 percent from 9.85/10.00 percent.

A bond maturing on 15.09.2027 was quoted down at 10.25/35 percent from 10.25/40 percent.

A bond maturing on 01.07.2028 was quoted down at 10.65/80 percent from 10.70/80 percent.

The Colombo Stock Exchange opened up. The All Share Price Index was up 0.04 percent at 12,353, the S&P SL20 was down 0.01 percent at 3,666. (Colombo/May27/2024)

Sri Lanka rupee closes weaker at 300.10/30 to US dollar

Nirmalie Alahakone — Wed, 22 May 2024 12:25:24 +0000

ECONOMYNEXT – Sri Lanka’s rupee depreciated slightly to close at 300.10/30 to the US dollar on Wednesday, from 299.80/95 the previous week, dealers said. Bond yields were broadly steady.

A bond maturing on 15.12.2026 closed down at 9.85/10.00 percent from 9.90/10.05 percent.

A bond maturing on 15.09.2027 closed stable at 10.25/40 percent.

A bond maturing on 01.07.2028 closed up at 10.70/80 percent from 10.60/75 percent.

A bond maturing on 15.01.2030 closed at 11.55/70 percent from 11.50/70 percent.

A bond maturing on 01.10.2032 closed down at 11.75/90 percent from 11.85/12.00 percent. (Colombo/May22/2024)

Sri Lanka rupee opens broadly stable at 299.70/80 to US dollar

Nirmalie Alahakone — Wed, 22 May 2024 04:21:17 +0000

ECONOMYNEXT – Sri Lanka’s rupee opened broadly stable at 299.70/80 to the US dollar on Wednesday, from 299.80/95 the previous day, dealers said. Bond yields were down.

A bond maturing on 15.12.2026 was quoted at 9.95/10.00 percent from 9.90/10.05 percent.

A bond maturing on 15.09.2027 was quoted down at 10.30/33 percent from 10.25/40 percent.

A bond maturing on 15.03.2028 was quoted at 10.55/65 percent down from 10.65/70 percent.

A bond maturing on 15.05.2030 was quoted at 11.55/65 percent.

The Colombo Stock Exchange opened up. The All Share Price Index was up 0.34 percent at 12,258, the S&P SL20 was up 0.62 percent at 3,631. (Colombo/May22/2024)

Sri Lanka Treasuries yields down, 3-months 8.76-pct

Economy Two — Tue, 21 May 2024 11:31:05 +0000

ECONOMYNEXT – Sri Lanka’s Treasuries yields fell across maturities at Tuesday’s action with the 3-month falling below 9.0 percent, data from the state debt office showed.

The 3-month yield fell 28 basis points to 8.76 percent, with all 25 billion rupees of offered securities sold.

The 6-month yield fell 26 basis points to 9.17 percent with all offered 65 billion rupees of bills sold.

The 12-month bill fell 28 basis points to 9.29 percent, with all 70 billion rupees of bills sold. (Colombo/June21/2024)

Sri Lanka rupee opens broadly stable at 299.65/85 to US dollar

Nirmalie Alahakone — Tue, 21 May 2024 04:25:04 +0000

ECONOMYNEXT – Sri Lanka’s rupee opened broadly stable at 299.65/85 to the US dollar on Friday, from 299.60/75 the previous day, dealers said. Bond yields were up.

A bond maturing on 15.12.2026 was quoted down at 10.10/25 percent from 10.15/35 percent.

A bond maturing on 15.09.2027 was quoted down at 10.35/50 percent from 10.45/55 percent.

A bond maturing on 01.07.2028 was quoted down at 10.70/80 percent from 10.80/90 percent.

A bond maturing on 15.03.2028 was quoted at 10.65/70 percent.

The Colombo Stock Exchange opened up. The All Share Price Index was down 0.07 percent at 12,244, the S&P SL20 was up 0.02 percent at 3,613. (Colombo/May21/2024)

Sri Lanka rupee closes slightly stronger at 299.60/75 to US dollar

Nirmalie Alahakone — Mon, 20 May 2024 11:38:48 +0000

ECONOMYNEXT – Sri Lanka’s rupee appreciated slightly to close at 299.60/75 to the US dollar on Friday, from 299.70/80 the previous week, dealers said. Bond yields were up.

A bond maturing on 15.12.2026 closed up at 10.15/35 percent from 10.05/15 percent.

A bond maturing on 15.09.2027 closed up at 10.45/55 percent from 10.25/40 percent.

A bond maturing on 01.07.2028 closed at 10.80/90 percent.

A bond maturing on 15.01.2030 closed at 11.70/80 percent.

A bond maturing on 01.10.2032 closed up at 11.90/12.05 percent from 11.85/12.00 percent. (Colombo/May20/2024)

Sri Lanka rupee opens slightly stronger at 299.40/70 to US dollar

Nirmalie Alahakone — Mon, 20 May 2024 04:24:57 +0000

ECONOMYNEXT – Sri Lanka’s rupee opened stronger at 299.40/70 to the US dollar on Monday, from 299.70/80 the previous week, dealers said. Bond yields were steady.

A bond maturing on 15.12.2026 was quoted stable at 10.05/15 percent.

A bond maturing on 15.09.2027 was quoted down at 10.20/40 percent from 10.25/40 percent.

A bond maturing on 15.03.2028 was quoted down at 10.60/70 percent 10.65/70 percent.

A bond maturing on 15.05.2030 closed up at 11.55/70 percent from 11.60/75 percent.

The Colombo Stock Exchange opened down. The All Share Price Index was down 0.08 percent at 12,309, the S&P SL20 was up 0.11 percent at 3,641. (Colombo/May20/2024)

Sri Lanka suffers over $138mn foreign outflow from govt bonds in 2024 after rate cuts

Shihar Aneez — Sat, 18 May 2024 09:30:10 +0000

ECONOMYNEXT – Foreign investors have dumped 41.6 billion-rupee ($138.6 million) worth of Sri Lanka government securities in the first 20 weeks of 2024, the central bank data showed, after reduction in the key policy interest rates.

The foreign holding in Sri Lanka’s treasury bills and treasury bonds fell to 75.9 billion rupees on the week ended on Friday (17), May 2024, from 117.4 billion rupees on the week ended on December 29.

The central bank rate has reduced the key policy rates by 50 basis points so far in 2024, extending the rates cut by 700 basis points since June last year.

The rupee appreciated 9.1 percent in the first four months, but the gain failed to attract foreign investors amid a dragged debt restructuring negotiation with external private creditors.

Currency dealers said lackluster demand for dollars due to dampened imports with heavy controls, boom in both tourism revenue and remittances have helped to increase the dollar liquidity in the market, leading to the appreciation of the local currency.

The dealers said foreign investors can earn capital gain if they had bought government securities before the appreciation and now the offshore investors might be selling their bonds.

“They are also discouraged by policy rate cut because that will reduce their returns from the rupee bond investments,” a currency dealer said.

The yield in 12-month T-bills has fallen 336 basis points in the first four months of this year, the central bank data showed.

The central bank also reduced the Statutory Reserve Ratio (SRR) of commercial banks by 200 basis points in August last year to boost liquidity in the market with an aim to reduce market interest rates.

Under tough International Monetary Fund (IMF) conditions for its $3 billion loan program, the central bank raised key monetary policy rates in 2022 and last year to bring down inflation which hit over 70 percent in 2022. The inflation has fallen to the lower single digit now.

The rupee has appreciated to around 300 against the US dollar this week from around 330 level early in November. The local currency was at 365 rupees against the US dollar in early 2022. Depreciation causes capital loss for foreign investors. (Colombo/May 18/2024)

Sri Lanka rupee closes stronger at 299.70/80 to US dollar

Nirmalie Alahakone — Fri, 17 May 2024 11:22:35 +0000

ECONOMYNEXT – Sri Lanka’s rupee appreciated slightly to close at 299.70/80 to the US dollar on Friday, from 300.70/90 the previous day, dealers said. Bond yields were up.

A bond maturing on 15.12.2026 closed stable 10.05/15 percent.

A bond maturing on 15.09.2027 closed up at 10.25/40 percent from 10.20/40 percent.

A bond maturing on 15.03.2028 closed up at 10.65/70 percent 10.55/70 percent.

A bond maturing on 15.09.2029 closed up at 10.90/11.40 percent from 10.85/11.30 percent.

A bond maturing on 15.05.2030 closed up at 11.60/75 percent from 11.55/70 percent.

A bond maturing on 01.10.2032 closed up at 11.85/12.00 percent from 11.75/95 percent. (Colombo/May17/2024)