Sri Lankan Rupee Strengthens Slightly to 328.60/80; Bond Yields Decline on Key Tenors š
⢠Exchange Rate Movement: The Sri Lankan Rupee appreciated against the US dollar in the spot market, closing at 328.60/80 compared to 328.70/329.00 on Tuesday. ⢠Government Securities & Bond Market: Yields on secondary market bonds generally closed lower on selected tenors, signaling sustained demand in Sri Lanka's domestic sovereign debt market: - 2027 Maturity (15.09.2027): Closed at 9.60/90% (up from 9.55/85%) - 2028 Maturity (01.07.2028): Closed flat at 10.10/20% - 2029 Maturity (15.12.2029): Closed down at 10.45/55% (from 10.50/55%) - 2030 Maturity (01.08.2030): Closed down at 10.65/75% (from 10.73/78%) - 2031 Maturity (01.02.2031): Quoted at 10.75/85% - 2032 Maturity (15.12.2032): Closed down at 11.20/35% (from 11.25/35%) - 2033 Maturity (01.11.2033): Closed down at 11.70/75% (from 11.70/80%) - 2034 Maturity (15.10.2034): Closed down at 11.80/87% (from 11.80/90%) ⢠Market Impact: A strengthening currency combined with easing yield curves reflects continuous stabilization across macroeconomic indicators, supporting broader financial stability in the banking and financial services sector.