Sri Lanka Treasuries yield inch up

Oct 13, 2010 (LBO) – Sri Lanka’s Treasuries yields inched up slightly at Wednesday’s auction with the 6-month yield moving up 05 basis points to 7.04 percent and the 12-month yield moving up 05 basis points to 7.17 percent, the government’s debt office said. There were no sales of 3-month bills.

The government sold 1.5 billion rupees of 6-month bills and 562 million rupees in 12 month bills.

The government offered 9.0 billion rupees of bills for roll over but only a total of 2,081 million was sold to real bidders. The debt office which is a unit of the central bank, did not say whether the rest was retired or bought by the Central Bank.