Steady Flow

Treasury bill yields remained flat at Mondays auction signaling a steady outlook for short-term interest rates.
The Central Bank offered and accepted bids for Rs. 7,797 mn, though the auction was received bids for Rs. 16,242 mn.rn

rnThe bank retired Rs. 2,500 mn worth of bill that retired this week.rn

rnThree-month yields slipped 200 basis points to 7.77 percent, while six and one year paper remained flat at 7.76 percent and 7.71 percent respectively.rn

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-LBO Newsdesk: LBOEmail@vanguardlanka.comrn