Sri Lanka 01-yr Treasury Bill yield falls to 8.88-pct
ECONOMYNEXT- Sri Lanka’s Treasury Bill yields fell for the fifth straight week, with the rate for the 12-month maturity down 02 basis points to 8.88 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 for the second week.
The 06-month bill yield fell 08 basis points to 8.63 percent.
The state debt office sold 20 billion rupees of bills, the exact amount offered, after getting offers of up to 49 billion rupees.
It sold 14 billion rupees in 12-month bills, the same amount offered, which drew bids worth double the amount.
The debt office sold 06 billion rupees in 06-month bills, after offering 04 billion rupees and getting bids of 15.8 billion rupees.
(COLOMBO 29 May 2019)