Sri Lanka Treasuries yields edge up

Apr 27, 2011 (LBO) – The yields on Sri Lanka’s treasury bills edged higher at Wednesday’s auction with 10 billion rupees worth maturing bills being rolled over, the government’s debt office said. The yield on three-months bills rose one basis point to 7.04 percent with 2.7 billion rupees in bills being sold and the yield on six-month bills rose three basis points to 7.14 percent with 4.7 billion rupees in bills being sold.

The yield on one-year bills rose one basis point to 7.34 percent with 2.75 billion rupees in bills being sold, the debt office, which is a unit of the central bank, said.

It said the auction was oversubscribed with bids amounting to 19,386 million rupees being received of which it accepted 10,203 million rupees from the auction.