Sri Lanka bill yields steady

Sept 28, 2011 (LBO) – Sri Lanka’s Treasury bill yields edged up one basis points across maturities with the 3-month yield moving to 7.15 percent, data from the state debt office showed. The 6-month yield moved one basis points to 7.23 percent and the 12-month yield moved to 7.31 percent.

The debt office, which is a unit of the central bank said it sold 4.1 billion rupees in 3-month bills, 2.6 billion in 6-month bills and 3.2 billion in 12-month bills.

In forex markets the spot dollar intervention rate was moved to 110.20 rupees, from 110.30 a day earlier and the market quotes were at 110.18/20 dealers said.

Dealers expect some inflows to reduce pressure on the spot market today.