Sri Lanka’s Treasuries yields drop at auction

Jan 30, 2013 (LBO) - Sri Lanka's Treasuries yields dropped at Wednesday's auction with the 3-month yield dropping as much as 16 basis points to 9.
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47 percent, data from the state debt office showed.
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The 6-month yield dropped 13 basis points to 10.
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28 percent and the 12 month yield dropped 14 basis points to 11.11 percent.

The yields are quoted net of a 10 percent withholding tax on interest.

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The debt office said it sold 35 billion rupees of bills after offering 20 billion for rollover at the auction, including 30.8 billion rupees in 12-motn bills.

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Also sold were 2.0 billion in 3-month bills and 3.

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0 billion rupees in 6-month bills.

At an auction Wednesday, bond yields also dropped.

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