ECONOMYNEXT – Sri Lanka’s Treasuries yields dropped at Wednesday’s auction with the 6-month yield falling 10 basis points to 8.30 percent, data from the state debt office showed.
The 12-month yield fell 02 basis points to 8.90 percent.
The debt office sold 4.0 billion rupees of 6-month bills after offering 4.0 billion rupees and 8.5 billion rupees of 12-month bills after offering 8.5 billion rupees, raising a total of 12.3 billion rupees.
Selling the exact amount of bills offered is the most transparent way to conduct and auction, but it is not always done in Sri Lanka. (Colombo/Dec27/2017)