Sri Lanka gilt yields up in secondary trading

Jan 08, 2013 (LBO) – Sri Lanka government bond yields has picked up after falling steeply over two days ahead of a large bond auction, dealers said. A bond maturing on 15 July 2017 opened around 10.70/80 percent Monday and closed at around 11.00/11.10 percent, dealer said.

A bond maturing on 15 August 2018 also opened around 10.70 percent and closed at around
11.05/20 dealers said.

But bond yields had fallen around 100 basis points over the past week.

One year bills which were around 10.80/85 percent had also moved up to 11.20/11.30 percent levels.

On Wednesday Treasury bills to the value of 28 billion rupees is to be offered at auction. On Thursday 40 billion rupees of bonds are being offered in the year’s first auction.

The state debt office said 15 billion rupees of 8.5 percent bonds maturing on 2018, 10 billion rupees of 9.0 percent bonds maturing on 2021 and 15 billion rupees of 9.0 percent bond maturing on 2028 will be offered at the auction.