Treasury bill yields remained flat on Wed. amidst speculation that that the Central Bank is unlikely to tinker with its short-term interest rates on Thu.
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The Central Bank has been following a soft rate stance amid reduced government borrowing following the February 2002 ceasefire.
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The bank has cancelled several government bond auctions lately and has also bought back treasury bills to inject liquidity into the system.rn rn
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On Monday, the bank cancelled a Rs. 3 bn two-year treasury bonds scheduled for Dec. 16, as it was ldblquote streamlining the borrowing program for December 2003.
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rnAtrnthis weeks T-bill auction, the bank bought back Rs. 1.15 bn of the Rs. 5.35 bnrnpaper on offer.rn
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Detailsrnof the auction are as follows:
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| rn
Maturity rn (Days) rn |
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Amount rn Offered rn (Rs.Mn.) rn |
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Bids rn Received rn (Rs.Mn.) rn |
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Amount rn Accepted rn (Rs.Mn.) rn |
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Weightedrn Average Yield rn Percentrn per annum rn Afterrn Tax rn |
|
| rn
rn |
rn
rn |
rn
rn |
rn
rn |
rn
Thisrn Week rn |
rn
Lastrn Week rn |
| rn
3-months rn
rn |
rn
2,100 rn |
rn
5,307 |
rn
1,615 rn |
rn
7.34% rn |
rn
7.34% rn |
| rn
6-months |
rn
420 rn |
rn
603 rn |
rn
242 rn |
rn
7.30% rn |
rn
7.30 rn |
| rn
12-months |
rn
1,680 rn |
rn
1,574 rn |
rn
343 rn |
rn
7.22% rn |
rn
7.22% rn |
| rn
Total rn |
rn
4,200 rn |
rn
7,484 rn |
rn
2,200 rn |
rn
7.32% rn |
rn
7.29% rn |
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-LBO Newsdesk: LBOEmail@vanguardlanka.comrn
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