Interest rates move sharply higher in Sri Lanka’s latest treasury bill auction

October 10, 2018 (LBO) - Interest rates moved sharply higher in treasury bond auctions today.
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 Auction results are representative of the turmoil in global fixed income markets caused by the U.
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S. Treasury 10 year bond interest rates breaking out to multi-year highs.
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The 10 year US Treasury bond yield stands at 3.
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2%.  With further interest rate hikes expected from the US Federal Reserve and strength in the US economy, the global interest rate picture is expected to remain volatile.
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Results from the last auction in Sri Lanka are presented in the following tweet:
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