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Foreign investors buy Sri Lanka rupee bonds for fifth straight week

ECONOMYNEXT – Foreign investors bought Sri Lanka government securities for a fifth straight week in the week ended on September 25 with the offshore holding in local bonds at two-year high, the Central Bank data showed, amid a surge in global investor appetite for government bonds. Foreign investors bought a net 334 million rupee ($1.11 million) worth of government securities in the week ended on September 25, extending the inflows to a net 14,041 million rupee ($46.8 million) in the five weeks. Government bond funds across the world saw a surge in demand as they saw a hefty USD 22.96…

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