Sri Lanka Treasuries yields fall amid currency pressure
ECONOMYNEXT – Sri Lanka Treasuries yields eased at Wednesday’s primary market auction with the benchmark 12-month yield falling 7 basis points to 9.37 percent, data from the state debt office showed.
Low benchmark yields encourage more speculation against the rupee, analysts say, intensifying problems.
The 3-month yield eased 2 basis points from a week earlier to 8.32 percent, and the 6-month yield also eased 2 basis points to 8.85 percent.
The state debt office offered and accepted Treasury bills worth 14 billion rupees.
Total bids amounted to 52.5 billion rupees. (COLOMBO, 20 June, 2018)