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)

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