COLOMBO (EconomyNext) – Sri Lanka’s Treasury bill yields again rose sharply across maturities at Wednesday’s auction with the 3-month up 21 basis points to 7.10 percent, data from the debt office showed.
The 6-month yield rose 33 basis points to 7.31 percent and the 12-month yield rose 38 basis points to 7.37 percent, according to the debt office which is a unit of the Central Bank.
The debt office sold 15 billion rupees of 3-month bills, 12.7 billion rupees of 6-month bills and 4.9 billion rupees of 12-month bills.
It said the auction for the re-issue of 20 billion rupees of maturing Treasury bills was oversubscribed with bids received amounting to 90.5 billion of which it accepted 32.6 billion rupees.