Sri Lanka bond yields edge up, rupee flat

Feb 08, 2012 (LBO) - Sri Lanka's bond yields were up about 10 basis points Wednesday from the last working day on Monday, with quotes becoming slightly wider and the spot dollar unchanged, dealers said.



A 2-year bond maturing on 01.03.14 was quoted around 10.60/70 percent up about 10.50 levels Monday.

A 3-year 15.03.15 bond was quoted wide around 10.

70/90 levels in late morning.

In money markets, overnight gilt-backed repos were around 8.

65 percent, lower than the reverse repo rate of 9.

00 percent, but clean overnight money traded as much as 9.


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75 percent, dealers said.

In forex markets, the spot dollar was at 114.

30 rupees, with an official intervention rate unchanged after allowing the rupee to depreciate 20 cents each on Friday and Monday.

Sri Lanka raised its policy corridor by 50 basis points to 9.

00 percent to inject money and 7.



50 to withdraw excess cash on Friday.

At Monday's Treasury bill auction, yields rose between 55 to 58 basis points across maturities.