Sri Lanka Treasuries yields steady

Mar 09, 2011 (LBO) – Sri Lanka’s Treasuries yields stayed flat at the weekly auction with the government rolling over 11 billion rupees in maturing bills, a statement said. The government’s debt office, which is a unit of the Central Bank, said the three-month yields remained at 6.97 percent, six-month yields at 7.05 percent and the one-year yield was steady at 7.33 percent.

The auction was oversubscribed with bids amounting to 18, 487 million rupees being received and 11,012 million rupees being accepted from the auction.

The government sold 2,118 million rupees of 3-month bills, 1,240 million rupees of 6-month bills and 7,654 million rupees of 12-month bills.