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Sri Lankan Rupee Decline Fuels Rise in Short-Term Bond Yields

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On Wednesday, Sri Lanka’s rupee concluded trading in the spot market at 310.30/60 against the US dollar, a slight depreciation from the previous day’s closing rate of 310.10/30, according to market dealers.

In the bond market, yields showed a minor increase on the shorter end of the curve, while remaining largely stable across the rest of the yield spectrum.

The bond maturing on December 15, 2026, closed at yields of 8.20/30 percent, slightly down from the previous 8.20/35 percent. Meanwhile, the bond maturing on September 15, 2027, remained unchanged at 8.45/55 percent.

The bond set to mature on March 1, 2028, recorded a yield of 9.10/18 percent. The December 15, 2029, bond saw a slight increase, closing at 9.57/60 percent compared to the previous 9.55/60 percent.

For the bond maturing on March 15, 2031, the yield closed at 9.80/87 percent. The bond maturing on October 1, 2032, experienced a slight rise, closing at 10.20/25 percent from 10.18/22 percent.

The bond with a maturity date of June 1, 2033, closed at 10.45/52 percent, slightly up from 10.45/50 percent. Finally, the bond maturing on June 15, 2034, closed with yields at 10.65/75 percent.

(Colombo/Mar4/2026)


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