ECONOMYNEXT – Sri Lanka’s bond yields edged up Wednesday (02) in dull trade while the yields in the weekly bills auction soared with 12-month bills rising 142 basics points, dealers said
At the weekly bills auction, Sri Lanka’s debt office offered 55 billion rupees and sold 35.9 billion rupees while the 3-months yield rose 72 basis points, 6-months up by 135 basis points and 12-month yields up by 142 points.
In debt markets, a bond maturing on 01/08/2025 closed at 13.00/13.20 percent on Wednesday, up from 12.90/13.00 percent on Monday.
Dealers said all other bonds were inactive.
The central bank’s indicative spot rate on Wednesday (02) was 201.8979 up from 201.0571 on Monday (01).
The average buying rate for telegraphic transfers at banks on Monday (28) was 198.5008 buying and the selling rate was 202.9992.