Sri Lanka bond yields sharply up at auction

ECONOMYNEXT – Sri Lanka has sold 50 billion rupees in 5-year bonds and 30 billion rupees in 10-year after offering the same volume, data from the state debt office showed.

The 5-year bonds maturing on 15.03.2023 were sold at a weighted average yield of 10.68 percent.

A close maturity of closed at 10.08/18 on March 27.

The 10-year bonds maturing on 01.09.2028 were sold at the action at a weighted average yield of 11.18 percent.

The same maturing closed at 10.35/25 percent levels before the auction.

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