The Sri Lankan rupee was quoted at 330.90/331.25 to the US dollar in the spot market on Friday, improving from 331.50/90 the previous day, while government bond yields extended a recovery as rates fell on buying interest, EconomyNext reported, citing dealers.
The move is a gain of about 60 cents, or 0.18 percent, on the session.
Yields fell across the curve — with one exception
| Maturity | Friday | Previous |
|---|---|---|
| 15.09.2029 | 10.85/90% | 10.90/11.00% |
| 01.08.2030 | 11.20/25% | 11.30/40% |
| 01.02.2031 | 11.30/35% | 11.42/48% |
| 15.12.2032 | 11.60/70% | 11.70/80% |
| 01.11.2033 | 11.85/90% | 11.80/85% |
| 15.10.2034 | 12.00/10% | 12.00/15% |
Five of the six tenors dealers quoted moved lower. The 01.11.2033 bond was the single exception, edging up five basis points against the trend — a detail the report does not draw attention to.
Set against Tuesday, the sell-off has largely unwound
Friday’s levels are better read against Tuesday’s spike, when yields jumped across the curve and the rupee fell 1.55 in a single session.
On the four maturities quoted on both days, every one now sits below its Tuesday level: the 01.08.2030 has come in from 11.35/40 to 11.20/25, the 15.12.2032 from 11.80/85 to 11.60/70, the 01.11.2033 from 11.90/12.00 to 11.85/90, and the 15.10.2034 from 12.05/10 to 12.00/10.
The rupee tells a similar round trip. It closed at 330.70 on Tuesday, weakened to 331.50/90 by Thursday, and has now recovered to 330.90 — leaving it roughly where it started the week.
Telegraphic transfer rates
The telegraphic transfer rate for the dollar was 327.20 buying, 336.20 selling. The euro was quoted at 373.1683/386.9491 and the pound at 436.0276/450.1360.
The nine-rupee spread on the dollar TT rate — about 2.7 percent — is far wider than the 35-cent spread quoted in the spot interbank market, the gap retail customers pay over the rate dealers trade among themselves.
Equities at the time of filing
EconomyNext filed at 10:03 a.m., with the All Share Price Index up 0.18 percent, or 36.81 points, at 21,060 and the S&P SL20 up 0.16 percent, or 9.51 points, at 5,934.
Those are intraday quotes rather than the close. The market gave back part of the gain later in the session, finishing at 21,056.26.
Not reported
The report does not say what drove the buying interest, whether the Central Bank was active in the market on either side, or what volumes traded at these levels. No other verified newsroom filed on Friday’s currency and bond movements at the time of writing; EconomyNext is the only outlet that reports the interbank spot rate and secondary-market yields daily.
