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Sri Lanka's Treasuries yields moved up across maturities at Wednesday's auction with only 6.8 billion rupees of bids being accepted from the market following an offer to sell 12.0 billion rupees in bills.
The 3-month yield rose 03 basis points to 7.24 percent, the 6-month yield rose 02 basis points to 7.29 percent and the 12 month yield rose to 7.36 percent, data from the state debt office, which is a unit of the central bank showed.
The state sold 3.0 billion rupees of 3-month bills, 1.85 billion rupees in 6-month bills and 1.9 billion rupees in 12-month bills.
About 21.7 billion rupees of bills were due to mature this week.
Sri Lanka's interest rates have been moving up amid defence of a dollar peg and strong domestic credit growth.
http://lbo.lk/fullstory.php?nid=1909538230
The 3-month yield rose 03 basis points to 7.24 percent, the 6-month yield rose 02 basis points to 7.29 percent and the 12 month yield rose to 7.36 percent, data from the state debt office, which is a unit of the central bank showed.
The state sold 3.0 billion rupees of 3-month bills, 1.85 billion rupees in 6-month bills and 1.9 billion rupees in 12-month bills.
About 21.7 billion rupees of bills were due to mature this week.
Sri Lanka's interest rates have been moving up amid defence of a dollar peg and strong domestic credit growth.
http://lbo.lk/fullstory.php?nid=1909538230
