Sri Lanka Bill Auction : 3-Month Bill Yields Fall

07th October 2009, www.lankabusinessonline.com

Sri Lanka's 3-month Treasury bill yields fell 22 basis points to 9.26 percent at Wednesday's auction, the government's debt office said.

The 6-month yield fell 53 basis points to 10.10 percent and the 12-month yield fell 61 basis points to 10.48 percent.

The debt office, which is a unit of the Central Bank, said out of 11,000 million rupees maturing bills, 9,600 million rupees' worth had been sold to the market.

The auction was oversubscribed by almost three times, as bids amounting 30,611 million rupees were offered to the Central Bank's debt office.