Sri Lanka Treasuries yields up

Feb 06, 2012 (LBO) – Sri Lanka’s Treasuries yields increased more than 50 basis points across maturities following at Monday’s auction held two days earlier due a holiday in the week, results published by the state debt office showed. The 3-month yield increased 56 basis points to 9.24 percent, the 6-month yield rose 55 basis points to 9.26 percent and the 12-month yield increased 58 basis points to 9.88 percent.

The debt office, which is a unit of the Central Bank said 10,000 in bills were offered to the market but only 5.2 billion rupees of bids were accepted.

Sri Lanka’s central bank can buy up T-bills and inject term money in to the economy, outside its main discount window.

On Friday the Central Bank increased its base rate by 50 basis points to 9.00 percent.

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Corrected/yields