Sri Lanka treasuries yields flat

Sri Lankan President Maithripala Sirisena (L) and Sri Lankan Prime Minister Ranil Wickremasinghe gesture as Sri Lankan Finance Minister Ravi Karunanayake (unseen) presents a supplementary budget to parliament, marking the first economic policy statement of the new government which came to power earlier in the month in Colombo on January 29, 2015. Sri Lanka's new government announced hefty taxes on top companies in a bid to raise revenue, accusing the previous regime of fudging the figures and leaving the economy in a "sad state". AFP PHOTO / Ishara S. KODIKARA (Photo credit should read Ishara S.KODIKARA/AFP/Getty Images)

Nov 19, 2008 (LBO) – Sri Lanka treasuries yields were flat with only 1.7 billion rupees of bills out of a maturing tranche of 5.0 billion rupees being sold, the government’s debt office said. Meanwhile, dealers said 2-year bonds were being offered at 21.0 percent.

The 3-month yield was 17.20 percent, the 6-month yield 18.28 percent and the 12-month yield 19.06 percent, the debt office which is a unit of the central bank, said.

In the past month the central bank had been absorbing auctions in full or in part and repaying maturing debt with printed money, amid foreign reserve losses.

The Central Bank’s t-bill stock is now around 98 billion rupees.