Sri Lanka Treasuries yields plunge across maturities
ECONOMYNEXT – Sri Lanka’s Treasuries yields fell across maturities at Wednesday’s auction with the 12-month yield falling 16 basis points to 8.70 percent, data from the state debt office showed.
In an improved auctioning system from prior years, the central bank accepted exactly the volume offered.
The 3-month yield fell 14 basis points to 8.24 percent, and the 6-month yield fell 11 basis points to 8.49 percent.
The debt office offered 3.0 billion rupees of 3-month bills, 5.0 billion rupees of 6-month bills and 8.5 billion rupees
of 12-month bills, raising a total of 16.5 billion rupees.
Earlier in the week the government sold 2. 0 billion dollars of sovereign bonds for expenses and debt repayments sanctioned for this year, which had improved sentiment. (Colombo/June26/2019)