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Sri Lanka Treasuries undersold, yields rock-steady for third week

ECONOMYNEXT – Sri Lanka’s Treasuries yields were rock steady across maturities, for the third week in a row with offered volumes undersold by 6.3 billion rupees, data from the state debt office showed.

The debt office which is a unit of the central bank can print money to buy Treasuries.

Three month bills were sold to yield 6.75 percent, unchanged from last week.

Six month bills were sold to yield 6.80 percent, unchanged from last week.

Twelve month bills were sold at 7.00 percent, unchanged from last week.

The debt office sold 17 billion rupees of 3-month bills, after offering 7.5 billion rupees, 3.85 billion rupees of 6-month bills after offering 7.5 billion and 2.5 billion rupees of 12-month bills after offering 15 billion rupees.

A total of 30 billion rupees of bills were offered by only 23.350 billion was sold.

Bills were also undersold last week at rates were flat. The central was later seen to have bought bills (Colombo/Apr28/2020)