Sri Lanka’s Treasuries yields down, bonds up
ECONOMYNEXT – Sri Lanka’s Treasuries yield eased at Wednesday’s auction with the 12-month yield dropping 15 basis points to 10.10 but short term bonds rose in the secondary market amid foreign selling, dealers said.
The debt office said it sold 1.03 billion rupees of 3-month bills for 8.60 percent unchanged from last week.
The 6-month yield fell 06 basis points to 9.55 percent.
The debt office sold 15.73 billion rupees of bills.
In the secondary market short term bonds rose amid foreign selling dealers said.
2-year bonds were traded up to 11.50 percent and were quoted at 11.45/55 late Wednesday up from 11.35/45 percent levels.
3-year bonds were traded up to 11.75 percent and were quoted at 11.70/75 percent, up from yesterday’s 11.60/70 percent, dealers said.