Sri Lanka Treasuries yields plunge at auction

Sept 27, 2012 (LBO) – Sri Lanka’s Treasuries yields plunged across maturities with the 6-month yield falling as much as 34 basis points at Wednesday’s auction a week after longer term bonds fell in the secondary market. The 3-month yield fell 11 basis points to 11.30 percent, the 6-month yield fell 34 basis points to 12.57 percent and the 12-month yield fell 28 basis points to 13.02 percent, data from the state debt office showed.

The state sold 2.1 billion rupees of 3-month bills, 4.2 billion in 6-month bills and 4.8 billion rupees in 12-month bills.

After calling bids for 10 billion rupees of maturing bills, 11.2 billion rupees bills were sold to bidders.

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