Sri Lanka Treasuries yields head higher

Dec 28, 2011 (LBO) – Sri Lanka’s Treasuries yields edged higher at Wednesday’s auction, data from the state debt office showed. The 3-month Treasury bill yield increased 10 basis points to 8.68 percent while the six-month bills went for 8.

71 percent after bid were rejected last week.

The 12-month yield increased 10 basis points to 9.31 percent from last week.

The debt office, which is a unit of the Central Bank, offered 08 billion rupees in bills for sale but only accepted bids for 2.

2 billion rupees of bills from the market.

The auction was oversubscribed with bids amounting to 14,044 million rupees being received.