Yields in Sri Lanka govt securities, rupee guidance peg steady

ECONOMYNEXT – Yields in Sri Lanka’s Treasury bills and bonds remained steady after most bids were rejected at Wednesday’s weekly auction while guidance peg on interbank spot trading remained unchanged, dealers said.

At Wednesday’s auction Sri Lanka failed to sell 20 billion rupees of 2025 bonds at Wednesday’s auction with all bids were rejected, but sold a part of the 2029 bonds offered.

The debt office sold 16.9 billion rupees of 15 July 2029 bonds at 26.91 percent after offering 20 billion rupees.

“Even though the amount accepted was low, the weighted averages are good because we did not anticipate that to be on those levels” a dealer said.

A bond maturing on 01.06.2025 closed at 27.30/28.00 down from 28.25/29.25 percent.

The 3 month T-bill closed at 26.00/30 percent steady from 26.00/27.00 percent on Tuesday.

The 12 month bill closed at 28.25/29.00 percent unchanged from the previous close.

A guidance peg announced by Sri Lanka’s central bank for interbank transactions remained unchanged at 360.94 rupees against the US dollar on Wednesday.

Commercial banks offered dollars for telegraphic transfers at rates between 367.94 and 370.00 for small transactions, data showed. (Colombo/ Aug 10/2022)