Sri Lanka Treasuries yields fall

Oct 10, 2012 (LBO) – Sri Lanka’s Treasuries yield fell at Wednesday’s auction with the 3-month yield falling as much as 37 basis points, data from the state debt office showed.

The 6-month yield fell 33 basis points to 11.77 percent and the 12-month yield fell 19 basis points to 12.

48 percent.

The debt office said it sold 18.

9 billion rupees of bills to the market after offering 15.

0 billion in maturing securities for roll-over.

Auction yields of Treasuries have been falling steadily since the second week of September.

The 3-month yield has fallen 81 basis points, the 6-month yield 135 basis points and the 12-month yield 1.

07 percent.

Treasuries yields are quoted after deducting a 10 percent withholding tax.