Sri Lanka Treasuries yields edge up; secondary rates higher

ECONOMYNEXT – Sri Lanka’s Treasuries yields edged up across maturities with the 12-month yield up 09 basis points from two weeks ago, to 10.19 percent, despite much lower volumes than offered being sold, data from the state debt office showed.

The three month yield rose 05 basis points to 8.60 percent from October 05, and the six months yield rose 7 basis points to 9.46 percent.

However in the secondary market, yields are higher after bond yields also rose.

In the secondary market, six month bills are quoted around 9.60/70 percent, dealers said. Ten month bills, are quoted at 10.35/45 percent levels, higher than the weighted average of 10.19 percent at the auction for 12-month bills.

Last week the bill auction was cancelled. The Treasury appeared to have repaid the money, and there was no indication from available data that the central bank printed money.

This week about 20 billion rupees of bills are estimated to be maturing. (Colombo/Oct19/2016)

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