Sri Lanka Treasury bill yields fall

Sept 03, 2008 (LBO) – Sri Lanka’s Treasury bill yields fell at Wednesday’s auction with 6-month bills falling 26 basis points to 17.75 percent, and 12-month yields fell 10 basis points to 18.50 percent, the government’s debt office said.

Three month bills were not offered.

The debt office, which is a unit of the central bank said only 6.4 billion rupees in bids made up of 4 billion in 6-month bills and 2.45 billion in 12-month were accepted from the market and the balance rejected. Originally 7.5 billion rupees were offered made up of, 3.5 billion rupees of 6-month bills and 5 billion rupees of 12-month bills were offered, dealers said.