Sri Lanka Treasuries yields fall further

Dec 24, 2012 (LBO) – Sri Lanka Treasuries yields fell further at Monday’s auction held two days earlier due to Christmas holidays, with the 12-month yield falling as much as 49 basis points to 11.

69 percent. Since November 30, 3-month yields have fallen 79 basis points, the 6-month yield has fallen 77 basis points and the 12-month yield has fallen 116 basis points.

The 3-month yield fell 23 basis points to 10.

00 percent and the 6-month yield fell 21 basis points to 11.32 basis points.

The state debt office, which is a unit of the Central Banks said 15 billion rupees of maturing bills were offered to the market and 16.

9 billion rupees of offers accepted.

Sri Lanka’s bill yields fallen steadily over the month with the Central Bank also signaling a 25 basis point rate cut.

Sri Lanka’s Treasuries yields started to fall from around September but renewed speculative pressure in forex markets amid term auctions of cash halted the trend.