Sri Lanka bill yields fall

Sri Dharanee Performance Arts Theatre

Sept 16, 2009 (LBO) – Sri Lanka’s Treasuries yields fell across maturities at Wednesday’s auction with 3-month yields falling 50 basis points to 10.04 percent the government’s debt office said. The 6-month yield fell 43 basis points to 10.96 percent and the 12-month yield fell 47 basis points to 11.50 percent.

The debt office which is a unit of the Central Bank said 12.0 billion rupees worth bills matured but only bids for 7.65 billion rupees was accepted.

The Central Bank cut its overnight policy rate by 50 basis points last week.