Apr 19, 2011 (LBO) – Sri Lanka’s 3-month Treasury bill yields edged up three basis points to 7.03 percent a week after the Central Bank raised reserve ratios draining 15 billion rupees in excess liquidity from the banking system to contain inflation and credit. The government’s debt office said the 6-month yield rose 02 basis points to 7.11 percent and the 12-month yield rose 03 basis points to 7.33 percent.
The debt office, which is a unit of the Central Bank said only 7.0 billion rupees of bids from real buyers were accepted in a sale where 10 billion rupees of Treasury bills were maturing.
The debt office did not say the balance bills were retired. The terminology is usually indicative that the balance 3.0 billion holders had been repaid with printed money.