Sri Lanka T-bill yields edge up; rupee guidance peg down

ECONOMYNEXT – Yields in Sri Lanka’s Treasury Bills went up in dull trade on Friday (16) and T-bond remained steady, while a guidance peg for interbank transactions announced by Sri Lanka’s central bank weakened by 45 cents, dealers said.

A bond maturing on 01.06.2032 closed at 29.45/29.55 percent on Friday, steady from 29.40/29.60 percent.

One year treasury bill closed at 29.75/30.30 percent, up from the previous close of 28.25/28.75 percent.

Sri Lanka’s central bank’s guidance peg for interbank transactions weakened by 45 cents to 362.90 rupees against the US dollar on Friday from Thursday’s 362.45 rupee.

Data showed that commercial banks offered dollars for telegraphic transfers between 369.90 and 370.00 for small transactions.

Banks offered to buy inward remittances at 359.90 -360.00 rupees. (Colombo/Sep 16/2022)

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