Sri Lanka Treasuries yields up

Chandi Dharmaratne

June 23, 2010 (LBO) – Sri Lanka’s Treasury bill yields rose at Tuesday’s auction, with the government selling more than the maturing volume to raise new money, the government’s debt office said. The debt office sold 2.177 billion rupees in 3-month bills, 4.5 billion in 6-month bills and 4.611 billion rupees in 12-month bills.

The 3-month yield rose 02 basis points to 8.07 percent, the 6-month yield was up 04 basis points to 8.93 percent and the 12-month yield was also climbed 03 basis points to 9.29 percent.

The week’s bill auction was held on Tuesday, a day earlier due to a public holiday that falls on Friday.

The debt office, which is a unit of the Central Bank said it raised 11.288 billion rupees in a week that saw 11 billion rupees of bills maturing.