Sri Lanka Treasuries yields steady

May 16, 2011 (LBO) – Sri Lanka’s Treasuries yields were steady at the weekly auction, brought forward to Monday owing to religious holidays in the next two days, according to the government’s debt office. The yield on three-months bills edged up to 7.07 percent from 7.06 percent, that on six month bills rose to 7.17 percent from 7.16 percent while the yield on one year bills stayed flat at 7.35 percent.

The government sold three billion rupees worth of three-month bills, 6.1 billion rupees of six-month bills and three billion rupees of one-year bills.

The debt office, part of the central bank, said the auction for the re-issue of 10,000 million rupees in maturing Treasury bills was oversubscribed with bids amounting to 21,563 million being received and 12,235 million rupees being accepted.