Sri Lanka Treasuries yields ease

Feb 23, 2011 (LBO) – Sri Lanka’s Treasuries yields eased at the weekly auction with the government rolling over 11 billion rupees in maturing bills, a statement said. The government sold 2.0 billion rupees of 3-month bills, 3.5 billion rupees of 6-month bills and 5.5 billion rupees of 12-month bills. The government’s debt office which is a unit of the Central Bank said the three-month yields eased two basis points to 6.97 and the six-month yield eased two basis points to 7.06 percent.

The one-year yield was steady at 7.33 percent.

The auction was oversubscribed with bids amounting to 31,790 million rupees being received.