Sri Lanka treasuries yields flat

Nov 19, 2008 (LBO) – Sri Lanka treasuries yields were flat with only 1.7 billion rupees of bills out of a maturing tranche of 5.0 billion rupees being sold, the government’s debt office said. Meanwhile, dealers said 2-year bonds were being offered at 21.0 percent.

The 3-month yield was 17.20 percent, the 6-month yield 18.28 percent and the 12-month yield 19.06 percent, the debt office which is a unit of the central bank, said.

In the past month the central bank had been absorbing auctions in full or in part and repaying maturing debt with printed money, amid foreign reserve losses.

The Central Bank’s t-bill stock is now around 98 billion rupees.