Sri Lanka Treasury Bill Yields Move Up

25th March 2010, www.lankabusinessonline.com

Sri Lanka's 3-month Treasury bill yields moved up 05 basis points to 8.45 percent at Wednesday's auction, the government's debt office said. The 6-month yield moved up 05 basis points to 9.19 percent while the 12-month yield stayed flat at 9.47 percent.

The government's debt office said it sold 5.343 billion rupees of 3-month bills, 4.333 billion rupees of 6-month bills and 858 million rupees of 12-month bills.

The debt office, which is a unit of the Central Bank, said 534 million rupees of new bills were sold and 10 billion rupees of bills were rolled over at this week's auction.

It received bids worth 18 billion rupees.