Sri Lanka 01-yr Treasury Bill yield falls 26bp to 9.18-pct

ECONOMYNEXT- Sri Lanka’s Treasury Bill yields fell for the third consecutive week, with the rate for the 12-month maturity falling 26 basis points to an 8-month low of 9.18 percent at Wednesday’s auction, the state debt office said.

Average weighted yields for three-month bills gained 1 basis point to 8.52 percent, while 6-month bill rates fell 12 basis points to 8.88 percent.
The state debt office sold 21 billion rupees in bills, the exact amount offered, while offers of up to 81.5 billion were received.
It sold 13 billion rupees in 12-month bills, and 4 billion rupees each in 3-month and 6-month bills.
Twelve month bill yields were trading around 9.20/28 percent in the secondary market, while the average weighted yield at last week’s auction was 9.44 percent.
The yield for 12-month bills had fallen 37 basis points at the last auction. (Colombo/May15/2019)

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