Sri Lanka Treasuries yield frozen

Thursday, 21 February 2013 - 11:56


Sri Lanka's Treasuries yields were kept flat at yesterday’s auction with only 14.9 billion rupees in bids for 20 billion rupees of bills being offered at the auction being accepted.

The debt office which is a unit of the Central Bank said 926 million rupees of 3-month bills were sold to yield 9.10 percent, 1.1 billion rupees in 3-month bills were sold to yield 10.08 percent and 12.9 billion rupees of 12-month bills were sold to yield 11.10 percent.

Sri Lanka's exchange rate has come under pressure in the past week, due to excess liquidity which makes markets jittery.