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Thursday, 12 July 2012 - 13:08
SL Treasuries yields rise
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Sri Lanka's Treasuries yields rose across maturities at yesterday's auction with three months yields gaining most by 14 basis points to 11.34 percent.

The 6-month yield increased 09 basis points to 12.86 percent and the 6-month yield rose 11 basis points to 13.10 percent.

The debt office which is a unit of the Central Bank said 23.4 billion rupees of bids were accepted from the market after offering 18 billion rupees for rollover.

Rising Treasuries rates can help prevent a widening budget deficit from de-stabilizing the economy with high inflation and currency depreciation.

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