ECONOMYNEXT – Sri Lanka’s bond yields were slightly lower trading within the cut-off and weighted average from Tuesday’s auction dealers said after the central bank held the overnight 6.0 percent rate unchanged.
A 15.12.2023 bond was quoted at 9.25/35 percent down from 9.75 percent a day earlier.
01.12.2024 was quoted at 9.60/90 percent levels from yesterday 10.00/40 percent.
A 15.01.2027 bond was quoted at 11.25/40 levels down from 11.60 percent a day earlier.
Bill 3-month bills were quoted 7.50/8.10 percent also lower from the auction as market players gained more confidence.
Market participants expect stronger demand for government securities at the next auction.
Analysts say the first priority is to get bond auctions and markets working. (Colombo/Oct14/2012)