Sri Lanka’s Treasury Bill yields fall across maturities

ECONOMYNEXT – Sri Lanka’s Treasury bills yields fell across maturities for the second week at Wednesday’s auction, the debt office selling only the exact amount offered, with the 12-month yield down 05 basis points to 8.54 percent.

Data from the state debt office showed the 3-month yield fell 08 basis points to 8.09 percent and the 6-month yield fell 11 basis points to 8.21 percent.

The debt office, a unit of the central bank, offered 14.5 billion rupees of 12-month bills, 03 billion rupees of 03-month bills and 05 billion rupees of 06-month bills.

The auction came in the backdrop of falling interest rates and ahead of the central bank’s monetary policy announcement Thursday.

(COLOMBO, 10 July, 2019)