Sunday November 19, 2017
sub

Sri Lanka Treasuries yields reverse downward trend

Aug 16, 2017 16:35 PM GMT+0530 | 1 Comment(s)

ECONOMYNEXT - Sri Lankan Treasury Bills yields reversed a falling trend Wednesday with the one-year bill yield up 16 basis points to 9.54 percent at an auction from 9.38 percent last week, the central bank said.

Its Public Debt Department said in a statement the 06-month bill yield rose 15 basis points to 9.17 percent from 9.02 percent last week.

The 03-month bills were not offered at the auction which drew bids worth Rs40.5 billion of which bids worth Rs17.6 billion were accepted.

(COLOMBO, August 16, 2017)
 


 

Related Stories

1 Comments

  1. RMB Senanayake August 17, 03:43 AM

    As a capital scarce country we need interest rates to be high not low. That will increase savings in the economy and if the government stops printing money we would have a more rational and useful allocation of resources. Of course this doesn't apply to government borrowing securities since the risk is zero for debt default. When will we ahve market determined rates of interest. Let the govt and the CBSL permit market forces to determine the rates of interest.

Name *
Email *
Designation
Company
Telephone Number