Sri Lanka Treasuries yields up

Mar 06, 2012 (LBO) – Sri Lanka’s Treasuries yields rose across maturities at Tuesday’s auction with the three month yield going up the most at 31 basis points to 10.11 percent, the state debt office said. The 6-month yield rose 24 basis points to 10.18 percent and the 12-month yield rose 15 basis points to 10.45 percent.

The debt office said 10 billion rupees were offered for sale at the auction and 9.47 billion rupees of bids were accepted from the auction.

Sri Lanka interest rates are required to go up to cut credit demand and pressure on the balance of payments.

The auction was held a day earlier, as Wednesday is a bank holiday. .