Sri Lanka Treasuries yields ease

Dec 29, 2010 (LBO) – Sri Lanka’s short-term Treasury bill yields eased at Wednesday’s auction with the government rolling five billion rupees worth of maturing bonds, the debt office said.

The yield on three-months bills fell to 7.24 percent from 7.25 percent, that on six-month bills also fell to 7.35 percent from 7.38 percent while the one-year bill yields were unchanged at 7.55 percent.

The weekly primary auction for the re-issue of 5,000 million rupees of maturing Treasury bills was oversubscribed with bids amounting to 12,738 million rupees being received.

The debt office said it accepted 6,142 million rupees from the auction.