Sri Lanka Treasuries yield down after SRR cut

June 26, 2013 (LBO) – Sri Lanka’s Treasuries yields fell at Wednesday’s auction with the 12-month yield falling as much as 19 basis points to 10.
66 percent, after a reserve ratio cut by the Central Bank. The debt office, which is a unit of the Central Bank said the 6-month yield fell 10 basis points to 9.70 percent and the 3-month yield was flat at 8.66 percent.

The debt office offered 12.0 billion rupees in bills for rollover and accepted 42.
4 billion rupees in bids, made up of 627 million in 3-months, 7.7 billion in 6-month and 34.1 billion in 12-month bills.

In the secondary market a liquid 5-year bond fell to 11.22/27 levels in mid-day trading from 11.60/63 closing levels on Tuesday.

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