Sri Lanka bill yields fall across maturities at auction
ECONOMYNEXT – Sri Lanka’s treasury yields fell over 14 percent across all maturities at the weekly bill auction held on Wednesday, data from the public debt office showed.
Yields had fallen for three auctions before marginally gaining last week.
The 12-month bill weighted average yield fell 16 basis points to 8.32 percent today from the previous auction a week earlier.
The 6-month bill yield fell 19 basis points to 7.82 percent and 3-month bill yield fell 14 basis points to 8.27 percent.
The Public Debt Department had planned to sell 29 billion rupees in bills, split to 12 billion rupees in 12-month bills, 7 billion rupees in 6-month bills and 10 billion rupees in 3-month
bills, and sold the exact amount across each maturity.
The debt office had received bids worth 87.18 billion rupees.
The auction will be settled on March 20, 2020. (Colombo/Mar18/2020)