Sri Lanka 3-month treasury yield falls

Aug 14, 2008 (LBO) – Sri Lanka’s 3-month Treasury bill yield fell 36 basis points to 16.73 percent with some bids being rejected, the government’s debt office said. Other bids were rejected.

The 6-month yield fell 7 basis points to 18.37 percent with the government raising 2.1 billion rupees and the 12-month yield was flat at 18.67 percent.

Only 500 million rupees was raised through 3-month bills in the auction held Wednesday.

The debt office, which is a unit of the central bank, said 5.5 billion rupees of bills were offered for rollover to the market but only 3 billion rupees of bids were accepted.