Sri Lanka Treasuries yields plunge

Jan 02, 2013 (LBO) – Sri Lanka’s Treasuries yield fells across the board at Wednesday’s auction with the six month yield plunging as much as 33 basis points, data from the state debt office showed. The debt office offered 20 billion rupees of bills at the auction and sold a total of 30.2 billion rupees of bills. The 3-month yield fell 9 basis points to 9.91 percent the 6-month yield fell 33 basis points to 10.99 percent and the 12-month yield fell 31 basis points to 11.38 percent.

The debt office, which is a unit of the Central Bank said 2.1 billion rupees in 3-month bills, 7.3 billion rupees in 6-month bills and 20.2 billion rupees in 12-month bills were sold.