Sri Lanka Treasuries yields dip

Chandi Dharmaratne

Apr 27, 2010 (LBO) – Sri Lanka’s 3-month Treasury bill yields dipped 06 basis points to 8.40 percent at Tuesday’s auction, the government’s debt office said. The 6-month yield slid 09 basis points to 9.10 percent while the 12-month yield was down 16 basis points 9.30 percent.

The government’s debt office said it sold 1.0 billion rupees of 3-month bills, 2.5 billion rupees of 6-month bills and 7.285 billion rupees of 12-month bills.

The debt office, which is a unit of the Central Bank, said 3.285 billion rupees of new bills were sold and 7.5 billion rupees of bills were rolled over at this week’s auction.

The auction, held a day in advance because Wednesday is a holiday, received 30.71 billion rupees worth-of offers from the market.