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Tuesday January 25th, 2022
Bonds & Forex

Sri Lanka Treasuries yields drop, more 12-month bills sold

ECONOMYNEXT – Sri Lanka has sold 66 billion rupees of Treasury bills at an auction Wednesday with more 6 and 12-month bills being sold as the short term yield curve became steeper, data from the state debt office showed.

29.71 billion rupees of 3-month bills were sold at 7.05 percent down 18 basis points from a week earlier, after offering 18 billion.

31.66 billion rupees of 6-month bills were sold at 7.84 percent, down 13 basis points from a week earlier after offering 24 billion.

24 billion rupees of 12-month bills were sold at 8.11 percent, down 1 basis point after offering 24 billion rupees.

More 6 and 12 bills have been sold as the 3-month yield came down.

Sri Lanka’s bond markets have become more active of late amid stronger buying interests.

The secondary market in the country has been easing the past couple of weeks with positive momentum pushing buying interest after consecutive bonds and bills auctions were fully subscribed.

A bond maturing on 01.12.2024 closed at 8.90/98 percent on Wednesday, down from 8.93/98 percent at Tuesday’s close.

The bond maturing on 15.03.2025 closed at 9.30/38 percent on Wednesday, easing from 9.35/38 percent at the previous day’s close.

A bond maturing on 15.01.2026 closed at 9.70/85 on Wednesday, down from 9.75/83 percent at the previous day’s close.

A bond maturing on 15.01.2027 closed at 10.02/10 percent on Wednesday, down from 10.08/13 percent on Tuesday’s close.

A bond maturing on 15.05.30 closed at 11.05/13 percent on Wednesday, down from 11.15/25 percent on Tuesday’s close.

A bond maturing on 15.03.2031 closed flat at 11.30/50 percent on Wednesday from Tuesday’s close.
(Colombo/Dec08/2021)

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