Sri Lanka Treasuries yields up

Oct 19, 2011 (LBO) – Sri Lanka’s Treasuries yields moved up across maturities at Wednesday’s auction with only 6.

8 billion rupees of bids being accepted from the market following an offer to sell 12.

0 billion rupees in bills. Sri Lanka’s interest rates have been moving up amid defence of a dollar peg and strong domestic credit growth.

The 3-month yield rose 03 basis points to 7.24 percent, the 6-month yield rose 02 basis points to 7.

29 percent and the 12 month yield rose to 7.36 percent, data from the state debt office, which is a unit of the central bank showed.

The state sold 3.0 billion rupees of 3-month bills, 1.

85 billion rupees in 6-month bills and 1.

9 billion rupees in 12-month bills.

About 21.7 billion rupees of bills were due to mature this week.