Sri Lanka Treasuries yields flat

Standing left to right – Mr. Dinesh Jebamani (Chief Manager Liability Product Management and New Age Media – Seylan Bank), Mr.Sudesh Peiris (Senior Manager – Digital Banking Channels – Seylan Bank), Ms. S.Senevirathne (Representative of the Revenue Department – Western Province), Mr. Tilan Wijeyesekera (Deputy General Manager – Retail Banking – Seylan Bank) and Mr. Malik Wickremanayaka (Deputy General Manager – Operations – Seylan Bank)

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.