Sri Lanka T-bill yields flat amid lower acceptance

Standing left to right – Mr. Dinesh Jebamani (Chief Manager Liability Product Management and New Age Media – Seylan Bank), Mr.Sudesh Peiris (Senior Manager – Digital Banking Channels – Seylan Bank), Ms. S.Senevirathne (Representative of the Revenue Department – Western Province), Mr. Tilan Wijeyesekera (Deputy General Manager – Retail Banking – Seylan Bank) and Mr. Malik Wickremanayaka (Deputy General Manager – Operations – Seylan Bank)

Aug 24, 2011 (LBO) – Sri Lanka’s Treasury bill yields were held flat across maturities with only 64 percent of the offer sold to real bidders at Wednesday’s auction, according to data released by the government’s debt office. In bond markets, a 2015 bond which rose as high at 8.60 percent earlier in the week was quoted around 8.40/50 levels Wednesday, dealers said.

The spot dollar was quoted narrow at 109.99/110.00 with deals done at 110.00, dealers said.

The 3-month yield was flat at 7.11 percent, the 6-month yield was at 7.19 percent and the 12-month yield was at 7.25 percent.

The state debt office said out of an offer of 10 billion in bills only 6.49 billion were sold.