Sri Lanka Treasuries auction yields recover from anomaly
ECONOMYNEXT – Sri Lanka’s Treasuries yields recovered from an anomaly on October 27 to end around the same levels as two weeks earlier, selling 8 billion rupees less than offered, data from the state debt office showed.
The debt office sold 1.2 billion rupees of 3-month bills after offering 7.5 billion at an average yield of 4.57 percent. No 3-month bills were sold last week, but two weeks ago the yield was 4.59 percent.
The debt office sold 7.8 billion rupees of 6-month bills at 4.69 percent after offering 15 billion rupees.
Last week the yield fell to 3.87 percent from 4.71 percent two weeks ago in an anomaly.
It is not clear whether it was a bidding error.
Also sold were 23.4 billion rupees of 12-month bills after offering 17.5 billion at 4.96 percent, up from the anomalous 4.13 percent a week earlier.
Two weeks ago 12-month bills were sold at 4.99 percent.
Out of 42 billion rupees of bills offered, 32.4 billion were accepted. Sri Lanka has earlier printed money to take up the balance. (Colombo/Oct27/2020)