ECONOMYNEXT – Sri Lanka’s 3-month Treasuries yield edged up 10 basis points to 9.32 percent at Wednesday’s auction though the only 7.86 billion rupees out of 25.5 billion rupees of securities offered were sold.
The 6-month yield rose 07 basis points to 10.19 percent and the 12-month yield rose 03 basis points o10.58 percent.
The debt office, which is a unit of the Central Bank sold 1.35 billion rupees of 3-month bills, 6.2 billion rupees of 6-month bills and 295 million rupees of 12-month bills.
The 12-month bill yield is far below the 12-month term deposits offered by commercial banks.
Sri Lanka last week rejected an entire bond auction. (Colombo/Feb21/2017)