Sri Lanka Treasuries yields drop

Dec 04, 2013 (LBO) – Sri Lanka’s Treasuries yields dropped across maturities at Wednesday’s auction with the 12-month yield falling as much as 19 basis points, the state debt office said. The 3-month yield dropped 09 basis points to 7.97 percent and the 6-month yield dropped 15 basis points to 8.65 percent.

The debt office offered and sold 11.0 billion rupees of maturing bills to the market, made up of 500 million rupees of 3-month, 1.0 billion in 6-month and 9.5 billion rupees in 12-month bills.

Corrected 3-month rate is 7.97-pct and not 8.65-pct