Sri Lanka Treasuries yields fall across maturities

Directory launched in the presence of Jagath Perera, CA Sri Lanka President, Manil Jayesinghe, CA Sri Lanka Vice President, Harsha Basnayake, Ernst & Young Asia Pacific Transaction Advisory Managing Partner, Aruni Rajakarier, Chairperson of the CA Sri Lanka Women Empowerment Committee, Anoji De Silva, Alternate Chair of the Women Empowerment Committee and Dulani Fernando, CA Sri Lanka CEO

May 23, 2012 (LBO) – Sri Lanka’s Treasuries yields fell across maturities at Wednesday’s auction with the 3-month yield slipping 41 basis points to reach 11.58 percent, around the levels seen in the secondary market over several days. The 6 month yield fell 8 basis points to 12.32 percent and the 12 month yield also fell 8 basis points to 12.5 percent, the state debt office said.

The debt office, which is a unit of the Central Bank said 25.7 billion rupees of bills were sold at the auction after offering 20 billion for sale.

At the auction 6.0 billion rupees of 3-month bills, 13.8 billion rupees of 6-month bills and 5.8 billion rupees of 12-month bills were sold.