Sri Lanka 3-month yields fall

April 29, 2008 (LBO) — Sri Lanka’s benchmark 3-month Treasury bills fell 16 basis points to 18.51 percent, with the government re-selling 9 billion out of 11 billion rupees of maturing bills, the public debt office said. The public debt office, which is a unit of the country’s central bank, said the remaining bills were retired.

The 6-month yield was steady at 18.96 percent down 01 bp from last week, while the 12-month yield was also flat at 19.00 percent against 19.01 a week earlier.

The auction which is usually held on Wednesday was held a day earlier with May Day falling on Thursday.

Dealers said there were no bills being offered to the market ‘on tap’ outside the auction on Tuesday. .