Sri Lanka Treasuries yields up

Ishara S. Kodikara | AFP | Getty Images Sri Lanka Prime Minister Ranil Wickremesinghe, center, speaks to supporters at the prime minister's official residence in Colombo on December 16, 2018, after he was reappointed as prime minister by Sri Lanka's president, the same man who fired him from the job nearly two months ago.

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.