Sri Lanka Treasuries yields extend fall

Jan 28, 2009 (LBO) – Sri Lanka’s Treasury bill yields extended falls with the popular 3-month yield falling 24 basis points to 15.94 percent and the 12-month yield falling 0.04 basis points to 17.56 percent, the government’s debt office said.

Meanwhile in the inter bank market the central bank had printed 20 billion rupees to maintain liquidity amidst a dollar peg defence at 113.85 rupees, while other banks were parking 7.9 billion rupees in the monetary authority via the repo window, dealers said.

The 6-month yield fell 12 basis points to 16.77 percent.

The government sold one billion rupees of 3-month bills, 1.2 billion rupees of 6-month bills and 2.0 billion rupees worth 12-month bills, the debt office, which is a unit of the central bank said.

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