Sri Lanka Treasuries yields head higher

Dec 28, 2011 (LBO) – Sri Lanka’s Treasuries yields edged higher at Wednesday’s auction, data from the state debt office showed. The 3-month Treasury bill yield increased 10 basis points to 8.68 percent while the six-month bills went for 8.71 percent after bid were rejected last week.

The 12-month yield increased 10 basis points to 9.31 percent from last week.

The debt office, which is a unit of the Central Bank, offered 08 billion rupees in bills for sale but only accepted bids for 2.2 billion rupees of bills from the market.

The auction was oversubscribed with bids amounting to 14,044 million rupees being received.