Sri Lanka Treasury bill yields plummet

May 08, 2008 (LBO) – Sri Lanka’s benchmark 3-month Treasury bill yields fell sharply by 42 basis points as the government sold 8.6 billion rupees out of 11.0 billion in maturing bills. At Wednesday’s auction 3-month yields fell to 18.09 percent, 6-month yields fell 35 basis points to 18.61 percent while 12-month bills fell 21 basis points to 19.00 percent, the government’s debt office said.

The government sold 4.8 billion rupees of 12-month bills, 2.1 billion rupees of 6-month bills and 1.7 billion rupees in 3-month bills. .