Sri Lanka Treasuries yields plunge

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

Oct 30, 2013 (LBO) – Sri Lanka’s Treasuries yields dropped sharply at Wednesday’s auction with the 12-month yield falling 19 basis points to 9.83 percent, data from the state debt office showed. The debt office which offered 10 billion rupees in bills for roll-over said 20 billion rupees worth bid were accepted from the market.

The 6-month yield dropped 11 basis points to 9.0 percent.

Bids for three month bills were rejected for the second time in as many weeks.