Sri Lanka bill yields edge up

Feb 03, 2009 (LBO) - Sri Lanka's Treasury bill yields edged up at Tuesday's auction with a larger volume of bills being sold compared to a week earlier, the government's debt office said, reversing a steadily easing trend seen over several weeks.

The 3-month yield gained 05 basis points to 15.

99 percent, the 6-month yield gained 19 basis points to 16.

96 percent and the 12-month yield gained 20 basis points to 17.

76 percent.

This week the government sold 6.4 billion rupees worth bills with two billion rupees each in 3 and 6 month bills and 2.

2 billion rupees of 12-month bills.

Last week the government only sold 1.7 billion in bills.

In bond markets a 4-year bond (15.

04.12) was quoted around 18.35/45 percent edging up slightly from 18.30/35 percent levels in early trade, while a 2-year bond (maturing in 15.







12.10) was quoted around 18.30/40 percent from earlier 18.20/25 levels, dealers said.