Category: Bills & Bonds

April 17, 2007 (LBO) – Sri Lanka’s 3-month treasury yield shot up at an auction by more than 43 basis points to 15.44 percent Tuesday with overnight rates already at 30 percent levels. Sri Lanka’s central bank has been staying away from printing money in primary auctions and allowing rates to adjust upwards to draw […]

April 10, 2007 (LBO) – The spot dollar shot up Tuesday to 109.30 from yesterday’s closing of 108.35, dealers said, while one year t-bill yields plummeted by 63 basis points. Earlier in the day overnight call rates went as high as 40 percent with the central bank keeping cash tight as it tried to keep […]

March, 21 (LBO) – Sri Lanka has raised 40 million dollars this week by selling rupee bonds to foreign buyers bringing the total so far 140 million dollars, an official said. On Tuesday the rupee hit a low of 109.92 against the dollar. On Wednesday morning trade the rupee was trading around 109.85 to the […]

March 07 (LBO) – Sri Lanka’s treasury yields moved up by an average 15 basis points at Wednesday’s auction, despite the central bank purchasing two billion worth of bills off the 12-billion rupee auction. “Commercial Banks should pursue prudential measures to suppress the excessive growth in consumption credit while mobilising more deposits from public to […]

January, 30 (LBO) – Government securities vaulted up at Tuesday’s auction, with cut off rates for one year treasury bills touching 14.5 percent, dealers said. The weighted average yield at Tuesday’s auction for all maturities climbed up 31 basis points to 13.80 percent. “The rates are now reflecting the true state of the market,” says […]

January 30 (LBO) – Sri Lanka goverment has raised 23 million dollars by selling rupee bonds to foreign investors, its public debt office said Tuesday. The island has a BB- sovereign rating from Fitch and B+ rating from Standard and Poors. . The announcement came ahead of a visit by a government team to Singapore […]

January 19, 2007 (LBO) – Sri Lanka plans to amend laws allowing foreigners to invest in government bonds, as they are too restrictive to overseas investors, the island’s treasury secretary said. The government opened five percent of the treasury bond market last November allowing overseas investors to buy rupee-denominated sovereign debt carrying tenures of two-years […]

December 20, 2006 (LBO)– Sri Lanka’s treasury bill rates rose sharply at Wednesday’s auction following after the central bank hiked its key policy rate by 37.5 basis points last Friday. One-year treasury yields climbed 18 basis points to 12.95 percent, while six-month paper rose 15 basis points to 12.78 percent and three-month treasuries jumped 20 […]

November 01, 2006 (LBO) – Sri Lanka Wednesday, threw open the government bond market for overseas investors to buy rupee-denominated sovereign debt for the first time beginning today, the Central Bank said. Prior to this, overseas investors were only allowed to invest in equities and dollar bonds issued by the government, also known as Sri […]

October 30, 2006 (LBO) – Sri Lanka’s borrowing costs went up by 1-percent at this week’s bond auction, reflecting market sentiment for higher yields. The Central Bank sold a small quantity of three, four and five-year treasury bonds on Monday at yields higher than the previous auction.   Treasury Bond Auctions 3-years 4-years 5-years Date […]

October 25, 2006 (LBO) – Sri Lanka’s borrowing costs continued to climb up following Wednesday’s weekly treasury bill auction, with market players anticipating a further hike in policy rates next month, traders said. Yields on all maturities went up with the central bank refraining from printing money to keep rates down. Yields for three month […]

October 18, 2006 (LBO) – Sri Lanka’s borrowing costs went up sharply by over 0.5 percent following Wednesday’s weekly treasury bill auction, prompting market speculation that the central bank may hike policy rates further, dealers said.Yields for three month treasuries were up 62 basis points to 11.87 percent, six months gained 60 basis points to […]