‘s Treasuries yields plunge

May 15, 2013 (LBO) – Sri Lanka’s Treasuries yields plunged as much as 45 basis points at the first bill auction following a 50 basis point rate cut last week, data from the state debt office showed. The 3-month yield fell 43 basis points to 8.75 percent, the 6-month yield fell 29 basis points to 9.
91 percent and the 12-month yield fell 45 basis points to 10.
84 percent.

The debt office which is unit of the Central Bank said offered 15.
0 billion rupees of bills for auction and accepted 19.
1 billion rupees in bids selling 1.0 billion in 3-month, 2.9 billion in 6-month and 15.1 billion rupees worth 12-month bills.

The Central Bank cut its main policy rate by 50 basis points last week. In the secondary market rates started falling from Monday.

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