Sri Lanka Treasuries yield down after SRR cut

June 26, 2013 (LBO) – Sri Lanka’s Treasuries yields fell at Wednesday’s auction with the 12-month yield falling as much as 19 basis points to 10.66 percent, after a reserve ratio cut by the Central Bank. The debt office, which is a unit of the Central Bank said the 6-month yield fell 10 basis points to 9.70 percent and the 3-month yield was flat at 8.66 percent.

The debt office offered 12.0 billion rupees in bills for rollover and accepted 42.4 billion rupees in bids, made up of 627 million in 3-months, 7.7 billion in 6-month and 34.1 billion in 12-month bills.

In the secondary market a liquid 5-year bond fell to 11.22/27 levels in mid-day trading from 11.60/63 closing levels on Tuesday.