Sri Lanka’s Treasury bill yields up across maturities; 12 month yield up 25bps

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Aug 26, 2015 (LBO) – Sri Lanka’s Treasury bill yields were up across maturities at Wednesday’s auction with 12-month yield up 25 basis points to close at 6.97 percent, data from the state debt office showed.

3-month yields were up 17 basis points to close at 6.53 percent while 6-month Treasury bill yields were up 21 basis points to close at 6.87 percent.

The auction was oversubscribed with bids amounting to 38.5 billion rupees being received and it was decided to accept 17.3 billion rupees from the auction.

Treasury bills of 18.0 billion rupees were scheduled to be issued through the auction held today.