Sri Lanka Treasuries yields steady

CEAT Kelani Holdings Managing Director Ravi Dadlani (right) and Lanka Ashok Leyland CEO Umesh Gautham exchange the OEM agreement

Jan 06, 2011 (LBO) – Sri Lanka’s short-term Treasury bill yields stayed largely steady at Wednesday’s auction with the government rolling ten billion rupees worth of maturing bonds, the debt office said.

The yield on three-month bills stayed flat at 7.24 percent while that on six-month bills fell to 7.33 percent from 7.35 percent while the one-year bill yields were unchanged at 7.55 percent.

The weekly primary auction for the re-issue of 10,000 million rupees of maturing Treasury bills was oversubscribed with bids amounting to 24,108 million rupees being received.

The debt office said it accepted 10,920 million rupees from the auction.

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