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Sri Lankan Rupee Declines as Bond Yields Decrease

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The Sri Lankan rupee was quoted at 309.75/85 against the US dollar in the spot market on Tuesday, compared to 309.72/77 the previous day, according to dealers. This comes amid a recent depreciation of the currency, while bond yields have shown a decline.

For bonds maturing on May 15, 2026, yields were quoted at 8.25/35 percent. The yield for bonds maturing on February 15, 2028, was quoted at 9.00/10 percent, a slight decrease from the previous 9.05/10 percent. Bonds maturing on December 15, 2029, saw quotes of 9.65/70 percent, showing a marginal increase from 9.65/69 percent. The yield for bonds maturing on March 1, 2030, was at 9.72/75 percent, compared to 9.70/76 percent previously.

Meanwhile, bonds maturing on March 15, 2031, were quoted at 9.95/10.00 percent, down from 10.00/10 percent. Bonds maturing on October 1, 2032, were quoted at 10.30/50 percent, and those maturing on June 1, 2033, were quoted at 10.72/75 percent, down from 10.70/80 percent. Lastly, bonds maturing on June 15, 2035, closed at 11.05/10 percent, a decrease from 11.07/11 percent.

The telegraphic transfer rates for the US dollar were 306.2500 for buying and 313.2500 for selling. The British pound was quoted at 409.9898 for buying and 421.3080 for selling, while the euro was at 354.1773 for buying and 365.5655 for selling.

On the Colombo Stock Exchange, the ASPI decreased by 0.18 percent, or 42.70 points, to close at 23,585. Meanwhile, the S&P SL20 declined slightly by 0.02 percent, or 1.45 points, settling at 6,537.

Additionally, an auction is set to issue Rs. 125,000 million in Treasury bills on January 21.