Sri Lanka Treasuries yields plunge

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.