Sri Lanka Treasuries slightly up

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