Sri Lanka shorter tenor Treasuries yields spike
ECONOMYNEXT – Sri Lanka’s Treasuries yield rose sharply at Wednesday’ auction with the 3-month yield up 23 basis points to 8.33 percent, data from the state debt office showed.
The six month yield rose to 8.90 percent from 8.52 percent on February 21, when the last auction was held.
The 12-month yield edged up 05 basis points to 9.70 percent.
The debt office offered 7.0 billion rupees of 3-month bills and accepted only 4.89 billion rupees of bids, and 1.8 billion in six month bills were accepted after offering 7.0 billion rupees of paper.
The debt office however offered 14 billion rupees of 12-month bills and accepted 21.2 billion rupees of bids. (Colombo/May16/2018)