Sri Lanka 12-month Treasuries yield up 17bp

ECONOMYNEXT – Yields on Sri Lanka’s Treasury Bills rose sharply for the second week running amid political uncertaint at Wednesday’s auction with the 6-month bill yield up 23 basis points to 8.52 percent from 8.29 percent a week ago,

The 12-month bill yield went up 17 basis points to 9.45 percent from 9.28 percent, the state debt office said.

The 3-month bill yield rose 22 basis points to 8.24 percent from 8.02 percent from the last auction, a statement said.

The debt office accepted Rs30 billion worth of bids, the same amount offered, after getting total bids worth Rs72.5 billion.

It sold Rs10 billion rupees of 3-month bills, having offered Rs9 billion and getting bids worth Rs21.7 billion and Rs15 billion of 12-month bills, having offered Rs11 billion and getting bids of Rs31 billion while accepting lower amounts in the six-month tenor.

(COLOMBO, February 21, 2018)

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