Sri Lanka Treasuries fall after rate cut

July 14, 2010 (LBO ) – Sri Lanka’s Treasuries yields fell Wednesday in the wake of a 25 basis point rate cut the previous Friday, according to auction results released by the government’s debt office. The 3-month yield fell 9 basis points to 7.98 percent, the 6-month yield fell 21 basis points to 8.75 percent and the 12-month yield fell 12 basis points to 9.17 percent.

The Central Bank cut its main policy rate at which money is injected to the markets at 9.25 percent Friday.

The debt office said 12.0 billion rupees in bills matured and the government sold 13.1 billion rupees in bills.