Sri Lanka bill yields slip at auction after two weeks

ECONOMYNEXT- Sri Lanka’s twelve month Treasury bill yields at a primary auction on Wednesday fell 2 basis points to 8.58 percent, the state debt office said.

The Public Debt Department said 6-month bill yields held flat at 8.06 percent, while 3-month bills fell 2 basis points to 7.42 percent.

Primary auction yields had risen in the two preceding weeks.

The public debt office sold 27 billion rupees in bills, the exact amount offered, after receiving 100 billion rupees in bids.

The 12-month bills received 65.6 billion rupees in bids, and 16.7 billion rupees were sold, above the 12.5 billion rupees offered.

The debt office sold 3 billion rupees in 6-month bills after receiving 16.2 billion rupees in bids for 7.5 billion rupees on offer.

Another 7.3 billion rupees in 3-month bills were sold. The debt office had offered 7 billion rupees in the 3-month maturity and received 18.4 billion rupees in bids.

The auction will be settled on February 28. (Colombo/Feb26/2020)