Sri Lanka Treasuries yields up, bonds lower

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 29, 2012 (LBO) – Sri Lanka’s Treasuries yields rose across maturities at Wednesday’s auction though bond yields were pushed down by state managed fund, ahead of a 51 billion rupee rollover due on Thursday, dealers said. The state debt office said the 3-month yield rising 30 basis points to 9.81 percent, the 6-month yield rose 30 basis points to 9.94 percent and the 12-month yield rose 11 basis point to 10.30 percent, at Wednesday’s auction.

The debt office, which is a unit of the Central Bank said it sold 869 million rupees of 3-month bills, 733 million rupees of 6-month bills and 677 million rupees of 12-month bills.

The Central Bank said only 2.2 billion rupees in bills were sold to market bidders though 10 billion rupees were originally offered.

On Thursday a 51.5 billion rupee tranche of bonds issued in 2009 are maturing.

Earlier on Wednesday, the Employees Provident Fund, a central bank managed fund of private sector workers’ retirement money, was buying bonds in the market, dealers said.

A 2015 bond which was quoted to yield around 11.80/90 percent was pushed down to 11.60/70 levels, dealers said.

A 2014 bond which was quoted around 11.20/30 percent was pushed down to 11.00 percent sharp but was later quoted around 11.15 percent levels, dealers said.

Update II