Sri Lanka’s Treasuries yields up

ECONOMYNEXT – Sri Lanka’s Treasuries yields across maturities at Wednesday’s auction with the 3-month yield up 19 basis points to 6.78 percent, data from the state debt office showed.

The 6-month yield rose 13 basis points to 7.06 percent.

The 12-month yield rose 6 basis points to 7.48 percent.

The debt office sold 18.1 billion rupees of bonds made up of 7.9 billion in 3-months, 3.7 billion in 6-months and 6.3 billion in 12-month bills.

There are an estimated 28 billion rupees of bills maturing this week indicating that some money may be printed. Over the last five weeks bill yields have risen steadily though some money has also been printed.

On January 16, a hike in the statutory reserve ratio will go into effect, leading to the withdrawal of over 40 billion rupees of excess liquidity.

Longer term bond yields fell on Monday.

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