Sri Lanka Treasuries yields fall across maturities

Chandi Dharmaratne

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.