Sri Lanka Treasuries yields edge up
Aug 13, 2019 15:49 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT - Sri Lanka's 3 and 12 month Treauries yields edged up slightly and less than the total offered volume was sold at Tuesday's auction, data from the state debt office showed.
The auction was held on Tuesday as Wednesday is a full moon Buddhist holiday.
The 3-month treasury bill yeild rose 05 basis points to 7.80 percent and the 12-month yield rose 06 basis points to 8.17 percent.
No bids were accepted for six month bills, despite offering 2.0 billion rupees and getting bids of 2.65 billion rupees.
Sri Lanka's Treasuries yields fell steadily from Febraury 2019, after monetary instability returned and capital flight ended. Rates fell as priviate credit weakened, depsite goverment revenues falling.