Interest rates move sharply higher in Sri Lanka’s latest treasury bill auction

October 10, 2018 (LBO) – Interest rates moved sharply higher in treasury bond auctions today.  Auction results are representative of the turmoil in global fixed income markets caused by the U.S. Treasury 10 year bond interest rates breaking out to multi-year highs.

The 10 year US Treasury bond yield stands at 3.2%.  With further interest rate hikes expected from the US Federal Reserve and strength in the US economy, the global interest rate picture is expected to remain volatile.

Results from the last auction in Sri Lanka are presented in the following tweet: