Sri Lanka T-bill rates spike

Sept 25, 2008 (LBO) – Sri Lanka’s Treasury bill yields spiked at Wednesday’s auction while the government resumed sales of 3-month bills, the government’s debt office said.
The 12-month bill yield also spiked 72 basis points 19.06 percent.

The government raised 525 million rupees selling 3-month bills at 17.
22 percent after an absence of several weeks.

When three month bills are not offered, three month bills move out of the government securities market.

Yields of 6-month bills climbed 83 basis points to 18.
28 percent from 17.45 percent a week earlier with 2,034 million rupees of bills being sold.