Sri Lanka’s Treasury bill yields drop across maturities; 12 month yield down 08bps

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Oct 14, 2015 (LBO) – Sri Lanka’s Treasury bill yields were down across maturities at Wednesday’s auction with the 12-month yield dropping 08 basis points to close at 7.10 percent, data from the state debt office showed.

3-month yields were down by 05 basis points to close at 6.73 percent while 6-month yields were down by 03 basis points to close at 7.04 percent.

The auction was oversubscribed with bids amounting to 64.0 billion rupees being received and it was decided to accept 23.9 billion rupees from the auction.

Treasury bills of 25.0 billion rupees were scheduled to be issued through the auction held today.

Sri Lanka’s Treasury bill yields were flat for the past two weeks.