Sri Lanka Treasuries yields slip further

Aug 19, 2010 (LBO) – Sri Lanka’s Treasury bill yields slipped further at Wednesday’s auction, down by between 24 basis points to 36 basis points with one year yields slipping the most, results from the government debt office showed. The debt office sold 1.250 billion rupees in 3-month bills, 4.535 billion rupees in 6-month yields and 5.593 billion rupees in 12-month bills.

The 3-month yield fell 24 basis points to 7.40 percent, while the 6-month yield was down 16 basis points to 8.14 percent and the 12-month yield was down by 36 basis points to 8.18 percent.

The debt office, which is a unit of the Central Bank, said it raised 11.378 billion rupees in a week that saw 11 billion rupees of bills maturing.