ECONOMYNEXT- Sri Lanka’s Treasury Bill yields fell for the fourth straight week, with the rate for the 12-month maturity down 28 basis points to an 8-month low of 8.90 percent at Wednesday’s auction, data from the state debt office showed.
The debt office, part of the central bank, rejected bids for 03-month bills.
The 06-month bill yield fell 17 basis points to 8.71 percent.
The state debt office sold 20 billion rupees of bills, the exact amount offered, after getting offers of up to 81 billion.
It sold 15.5 billion rupees in 12-month bills, after offering 13 billion rupees of bills and getting bids worth 60 billion rupees.
(COLOMBO 22 May 2019)