Sri Lanka three, six month Treasuries yields drop

From left: Dr. Fernando Im, Senior Country Economist for Sri Lanka and the Maldives, The World Bank, Hon. Eran Wickramaratne, State Minister, Ministry of Finance and Mass Media, Dr. W A Wijewardana, Former Deputy Governor of the Central Bank of Sri Lanka, Prof. Indralal de Silva, Former (Chair) of Demography, University of Colombo, Prof. Amala de Silva, Department of Economics, University of Colombo at the panel discussion on "Demographic Change in Sri Lanka" moderated by Dr. Ramani Gunatilaka, International Centre for Ethnic Studies.

Feb 06, 2013 (LBO) – Sri Lanka’s 3-month Treasuries yield dropped 22 basis points to 9.25 percent at Wednesday’s auction but the 12-month yield was flat, data from the state debt office showed. Compared to the auction on the last week of December, the 3-month yield has dropped 75 basis points, the 6-month yield 1.16 basis points and the 12-month yield 58 basis points so far in 2013.

The 6-month yield dropped 12 basis points to 10.16 percent and the 12-month yield was flat at 11.11 percent.

The debt office, which is a unit of the Central Bank said 20 billion rupees of maturing bills was offered at the auction and 20.39 billion rupees in bids were accepted.

The debt office sold 1.3 billion rupees in 3-month bills, 2.0 billion rupees in 6-month bills and 17.0 billion rupees in 12-month bills.