Sri Lanka Treasuries yields steady

Feb 14, 2011 (LBO) – Sri Lanka’s Treasuries yields were steady at the weekly auction with the government selling 13.5 billion rupees in bills after offering 11.0 billion rupees of paper for roll-over. The government’s debt office which is a unit of the Central Bank said the three-month yields were steady at 6.99 percent and the one-year steady at 7.33 percent while the six-month yield eased one basis point to 7.08 percent.

The auction, brought forward because of a holiday on Wednesday, was oversubscribed with bids amounting to 32,709 million rupees being received.

The government sold 2.0 billion rupees of 3-month bills, almost 6.0 billion rupees of 6-month bills and 5.5 billion rupees of 12-month bills.