Sri Lanka T-bill yeilds edge down

Aug 27, 2008 (LBO) – Sri Lanka’s Treasury bills yields fell at Wednesday’s auction with 6-month bills falling 29 basis points to 18.01 percent and one year yields falling 5 basis points to 18.60 percent. The central bank said it had accepted only 6.4 billion rupees of bids from the market for 7.5 billion rupees of maturing bills and the rest of the bid were rejected.

A total of 14.6 billion rupees of bids had been received.

Three month bills were not offered.

Three month bills were sold at last week’s auction for 16.46 percent.