Treasury yields creep up

Apr.19 (LBO) — Sri Lanka’s Central Bank sold 8,395 million rupees in treasury bills Wednesday at slightly higher yields above the previous week’s, the bank said. Today’s auction, offering t-bills worth 10,758 million rupees, was oversubscribed with bids amounting to 17,940 million rupees.

The Central Bank bought 1.5 billion rupees worth of bills and retired 863 million rupees.

Investors will pay for the bills they purchase on April 21.

Details of the auction are as follows:


Maturity

Bids received

Amount accepted

Weighted avg. yield

(Rs. mn)

(Rs. mn)

This week

Last week
Three months 7,914 5,472
10.05
10.05
Six months 4,631 1,295
10.
32
10.30
One-year 5,395 1,628
10.37
10.36
Total

17,940


10.1
6

10.
08
(Source:
Central Bank))

-LBO Newsdesk