Sri Lanka Treasuries yields head higher

Dec 21, 2011 (LBO) - Sri Lanka's Treasuries yields edged higher amid rejections of market bids at Wednesday's auction, data from the state debt office showed, as the Central Bank's own portfolio of bills continued to go up.



The 3-month Treasury bill yield increased 15 basis points to 8.58 percent and the 12-month yield increased 15 basis points from two weeks ago to 9.



21 percent.

Last week bids for 12-month bills were rejected.

This week bids for 6-month bills were rejected.

Last week 6-month bills were sold for an average yield of 8.

56 percent.

The debt office, which is a unit of the Central Bank offered 10 billion rupees in bills for sale but only accepted bid for 3.

0 billion rupees of bills from the market.

The central bank's Treasury bill stock rose to 165 billion rupees on Tuesday due to a steady accumulation of domestic assets to sterilize foreign exchange interventions and state debt settlements.

3-month yield 8.58-pct