Sri Lanka’s Treasuries yields marginally up
ECONOMYNEXT – Sri Lanka’s 6-and 12-months treasury yields marginally went by 2-basis points while 3-months yield was flat, data from the state debt office showed.
The Public Debt Department sold three-month bills at an average yield of 7.41 percent on Wednesday, unchanged from a week earlier.
Six-months bills were sold at 8.01 percent, up from 7.99 percent a week earlier, while the 12-months bills gained 8.48 percent from 8.46 percent.
At the bill auction, the Public Debt Office sold 32 billion rupees in securities, the full amount on offer, after receiving 84.69 billion rupees in bids.
Data showed the 8.0 billion rupees in three-month bills being sold, down 9.00 billion rupees on offer.
The debt office sold 7.9 billion rupees in six-month bills after offering 7 billion rupees and sold full 16 billion rupees in twelve-month bills on offer.
The auction will be settled on March 13, 2020. (Colombo/Mar11/2020)
Kithmina Hewage- Institute of Policy Studies