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 |
|
10.16 |
10.08 |
|
(Source: Central Bank)) |
||||
-LBO Newsdesk