Sri Lanka Treasuries yield plunge at auction

Oct 03, 2012 (LBO) – Sri Lanka’s Treasuries yields fell across maturities at Wednesday’s auction with the 12-month yield falling the most by 54 basis points to 12.48 percent, data released by the state debt office showed. The state offered 10 billion rupees in maturing debt and accepted 13.0 billion rupees from the market.

The 3-month yield fell 30 basis points to 11.30 percent and the 6-month yield fell 47 basis points to 12.10 basis points.

The debt office said 700 million rupees of 3 month bills, 2.45 billion rupees of 6-month bills and 9.8 billion rupees of 12 month bills were sold.