Sri Lanka Treasuries yields up sharply

Nov 08, 2011 (LBO) – Sri Lanka’s Treasuries yields rose as much as 15 basis points at auction Tuesday, a week after an entire auction was rejected, data from the state debt office showed. Meanwhile Sri Lanka’s inflation index in the capital Colombo eased to 5.1 percent in October.

Corrected/date The 3-month yield rose 10 basis point to 7.39 percent from two weeks ago, the 6-month yield rose 10 basis points to 7.45 percent and the 12 month yield rose 15 basis points to 7.59 percent.

Sri Lanka’s interest rates have been rising amid high credit growth and defence of a currency peg.