Sri Lanka Treasuries yields move up

Dec 29, 2009 (LBO) – Sri Lanka’s Treasuries yields edged up marginally across maturities at Tuesday’s auction, while the rollover was oversubscribed two times, the government’s debt office said. The short term paper received bids worth 17,285 million rupees at the auction, it said.

The 3-month yield rose 06 basis points to 7.73 percent, the 6-month yield rose 08 basis points to 8.73 percent and the 12-month yield rose 01 basis point to 9.33 percent.

The debt office, a unit of the Central Bank, said out of 8,750 million rupees of maturing bills, 8,446 million was accepted from the real economy.