Sri Lanka Treasuries yields flat
ECONOMYNEXT – Sri Lanka’s Treasuries yields were flat at Wednesday’s auction with 36.5 billion rupees of bills offered sold, data from the state debt office showed.
The debt office said 11.1 billion rupees of 3-month bills were sold at 4.65 percent, down from 4.7 percent last week after offering 8.0 billion.
19.2 billion rupees of 6-month bills were sold at 4.76 percent, unchanged from last week, after offering 19.2 billion rupees.
6.1 billion rupees of 12-month bills were sold at 4.76 percent after offering 4.93 percent.
The bonds are offered at pre-declared ceiling rates.
In the last two auctions money was printed after insufficient bids came below ceiling rates showing that the central bank is targeting not only the overnight call money rate but also various rates down the yield curve with printed money.
Already the country is under severe import controls due to money printed in March and April. (Colombo/Aug12/2020)