Sri Lank Treasuries yields steady

Mar 23, 2011 (LBO) – Yields on Sri Lanka’s Treasury bills were largely steady at the weekly auction with the government rolling over nine billion rupees in maturing bills, a statement said. The government’s debt office, a unit of the Central Bank, said the three-month yields edged up one basis point to 6.98 percent, six-month yields were unchanged at 7.06 percent and the one-year yield fell three basis points to 7.30 percent.

The auction was oversubscribed with bids amounting to 19, 316 million rupees being received and 10,098 million rupees being accepted from the auction, the statement said.

The government sold 3,044 million rupees of 3-month bills, 3,054 million rupees of 6-month bills and 4,000 million rupees of 12-month bills.