Sri Lanka’s Treasuries yields up

(From left) Dharmasri Kumaratunga, Director - Payments and Settlements, Central Bank; Nanda Fernando, Managing Director, Sampath Bank; and Tharaka Ranwala, Head of Operations and Group Chief Marketing Officer, Sampath Bank

May 02, 2012 (LBO) – Sri Lanka’s Treasuries yields rose across maturities at Wednesday’s auction with 12.4 billion rupees of bills being sold, the state debt office said. The 3-month yield rose 18 basis point to 12.11 percent, the 6-month yield rose 15 basis points to 12.20 percent and the 12-month yield rose 20 basis points to 12.36 percent.

The debt office, which is a unit of the Central Bank offered 12 billion rupees of debt at the auction and said 12.4 billion rupees of bills were sold.

The debt office sold 8.9 billion rupees of 3-month bills, 2.3 billion rupees of 6-,month bills and 1.2 billion rupees of 12-month bills.