Sri Lanka Treasuries ease on longer tenures

(L-R) : Jeevith Senaratne, Director Operations - Star Garment Group; Shanaka Rabel, Group Chief Digital and Transformation Officer - Stretchline Holdings Ltd; Janaka Botejue, Chairman – Bernard Botejue Industries; Sanjeewa Kodikara, Chief Information Officer- Hirdaramani Group

July 17, 2013 (LBO) – Sri Lanka’s 12- Treasuries yield fell 05 basis points to 10.59 percent at Wednesday’s auction, though the 3-month yield was flat, data from the state debt office showed. The 6-month yield fell 02 basis points to 9.66 percent and the 3-month yield was flat at 8.63 percent.

The debt office said 935 million rupees in 3-month bills, 1.0 billion in 6-month bills and 15.4 billion in 12 month bills were sold.

A total of 17 billion rupees in bills were sold after offering 10.0 billion rupees in bills for rollover.

In forex markets the spot US dollar was quoted at 131.50/60 rupees and the spot-next at 131.70/75 percent.

Excess liquidity in money markets 24.7 billion rupees, which analysts say could continue to pressure the rupee, unless unsterilized interventions or domestic asset sell-downs are made.

3-month yield

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