Sri Lanka Treasuries yields flat

Ishara S. Kodikara | AFP | Getty Images Sri Lanka Prime Minister Ranil Wickremesinghe, center, speaks to supporters at the prime minister's official residence in Colombo on December 16, 2018, after he was reappointed as prime minister by Sri Lanka's president, the same man who fired him from the job nearly two months ago.

Jan 21, 2010 (LBO) – Sri Lanka’s three and six month Treasury bill yields edged up marginally, while 12 month bills stayed flat at Tuesday’s auction, the government’s debt office said. The 3-month yield increased 04 basis points to 7.99 percent, the 6-month yield increased 03 basis points to 8.93 percent and the 12-month yield stayed flat at 9.46 percent.

The debt office, which is a unit of the Central Bank, said 9.3 billion rupees worth of maturing paper were sold to market participants out of the 10,000 rupees of maturing bills.

The debt office did not say that the bills were retired. The central bank can buy Treasury bills to extend credit to the government. The government sold 2.7 billion rupees of 3-month bills, 5.6 billion rupees of 6-month bills and 1.02 billion rupees of 12-month bills.