Sri Lanka's Treasuries yields drop at auction

Thursday, 31 January 2013 - 12:08

Sri+Lanka%27s+Treasuries+yields+drop+at+auction

Sri Lanka's Treasuries yields dropped at yesterday’s auction with the 3-month yield dropping as much as 16 basis points to 9.47 percent.

 

The 6-month yield dropped 13 basis points to 10.28 percent and the 12 month yield dropped 14 basis points to 11.11 percent.

 

The yields are quoted net of a 10 percent withholding tax on interest.

 

The debt office said it sold 35 billion rupees of bills after offering 20 billion for rollover at the auction, including 30.8 billion rupees in 12-motn bills.



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