Sri Lanka Treasury bill yields flat

Sri Lanka's state minister of defence Ruwan Wijewardene (L) takes part in a press conference in Colombo on April 24, 2019. - A Sri Lankan security dragnet hunting those responsible for horrifying bombings that claimed more than 350 lives has scooped up a further 18 suspects, police said April 24, as pressure mounted on politicians to explain why no one acted on intelligence warnings. (Photo by ISHARA S. KODIKARA / AFP) (Photo credit should read ISHARA S. KODIKARA/AFP/Getty Images)

Feb 25, 2009 (LBO) – Yields of Treasury bills stayed flat across maturities at an auction Wednesday, the government’s debt office said while bonds spiked amid foreign selling earlier in the day.

The government sold 1.8 billion rupees of 3-month bills at a weighted average yield of 15.76 percent, 527 million rupees of 6-month bills at 16.93 percent and 497 million rupees of 12-month bills at 17.73 percent.

The public debt department, which is a unit of the Central Bank, said 7,000 million rupees of bills was offered for roll-over but only 2.9 billion was sold to the public.

The balance was rejected.

In bond markets, the yield on a 4-year bond (15.04.12) rose to 18.45/50 percent levels amid foreign selling earlier in the day, after the rupee fell to new lows against the US dollar and eased to 18.20/30 levels, dealers said.

A 2-year bond (15.09.10) fell from 18.30 percent to 18.20 percent levels and was later quoted 18.15/25 percent.