Sri Lanka Treasuries slightly up

Sri Lanka's state minister of defence Ruwan Wijewardene (L) takes part in a press conference in Colombo on April 24, 2019. - A Sri Lankan security dragnet hunting those responsible for horrifying bombings that claimed more than 350 lives has scooped up a further 18 suspects, police said April 24, as pressure mounted on politicians to explain why no one acted on intelligence warnings. (Photo by ISHARA S. KODIKARA / AFP) (Photo credit should read ISHARA S. KODIKARA/AFP/Getty Images)

Mar 06, 2013 (LBO) – Sri Lanka’s Treasuries yields edged up slightly across maturities and Wednesday’s auction with the twelve month yield rising 04 basis points to 11.14 percent, data from the state debt office showed. The 3-month yield rose 02 basis points to 9.11 percent and the 6-month yield rose 02 basis points to 10.10 percent.

The debt office said 27 billion rupees of bills were sold, with 2.4 billion rupees in 3-month bills, 1.2 billion in 6-month bills and 24.2 billion rupees in one year bolls being sold.

Sri Lanka’s Treasury bills yields have fallen sharply below bank deposit rates, with December data also showing that the central government and state enterprises were still borrowing heavily from banks.

.Correction – 12-m yield up 04bp