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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sri Lanka Treasuries yields up

Sri Lanka Treasuries yields up

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1Sri Lanka Treasuries yields up Empty Sri Lanka Treasuries yields up Wed Jun 27, 2012 4:24 pm

Kumar

Kumar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
June 27, 2012 (LBO) - Sri Lanka's Treasuries yields rose across maturities at Wednesday's auction with 6-month yields rising most by 14 basis points to 12.47 percent, data released by the state debt office showed.

The 3-month yield rose 08 basis points to 11.12 percent and the 12-month yield rose 10 basis points to 12.88 percent.

The debt office said 15 billion rupees of bills were offered at the auction and bids for 11.7 billion were accepted from the market.

The debt office sold 3.0 billion in three month bills, 6.0 billion in six month bills and 2.7 billion rupees in 12-month bills.

Analysts have urged the Central Bank to sell down its T-bill stock and destroy liquidity to help push the exchange rate up.
http://lbo.lk/fullstory.php?nid=377379017

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