Inching Up

Standing left to right – Mr. Dinesh Jebamani (Chief Manager Liability Product Management and New Age Media – Seylan Bank), Mr.Sudesh Peiris (Senior Manager – Digital Banking Channels – Seylan Bank), Ms. S.Senevirathne (Representative of the Revenue Department – Western Province), Mr. Tilan Wijeyesekera (Deputy General Manager – Retail Banking – Seylan Bank) and Mr. Malik Wickremanayaka (Deputy General Manager – Operations – Seylan Bank)

Three month treasury rates edged up at Wednesdays auction, stoked on by market appetite for debt paper with shorter tenures.
The Central Bank said that three-month yields inched up one basis point to 7.83 percent, while six and one-year paper remained flat at 7.78 percent and 7.75 percent respectively.rn

rnA total of Rs. 6,906 mn worth of bills matured this week, but the bank retired Rs. 1 bn and re-issued Rs. 5,406 mn.rn

rnThe auction was oversubscribed with Rs. 8,718 mn bids. The bank accepted only Rs. 3,406 mn from the market, while the Central Bank bought the balance Rs. 2 bn.rn

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-LBO Newsdesk: LBOEmail@vanguardlanka.comrn