Sri Lanka Treasuries yields fall

Sri Lanka's state minister of defence Ruwan Wijewardene (L) takes part in a press conference in Colombo on April 24, 2019. - A Sri Lankan security dragnet hunting those responsible for horrifying bombings that claimed more than 350 lives has scooped up a further 18 suspects, police said April 24, as pressure mounted on politicians to explain why no one acted on intelligence warnings. (Photo by ISHARA S. KODIKARA / AFP) (Photo credit should read ISHARA S. KODIKARA/AFP/Getty Images)

Oct 10, 2012 (LBO) – Sri Lanka’s Treasuries yield fell at Wednesday’s auction with the 3-month yield falling as much as 37 basis points, data from the state debt office showed. The 6-month yield fell 33 basis points to 11.77 percent and the 12-month yield fell 19 basis points to 12.48 percent.

The debt office said it sold 18.9 billion rupees of bills to the market after offering 15.0 billion in maturing securities for roll-over.

Auction yields of Treasuries have been falling steadily since the second week of September.

The 3-month yield has fallen 81 basis points, the 6-month yield 135 basis points and the 12-month yield 1.07 percent.

Treasuries yields are quoted after deducting a 10 percent withholding tax.