Dec 24, 2012 (LBO) - Sri Lanka Treasuries yields fell further at Monday's auction held two days earlier due to Christmas holidays, with the 12-month yield falling as much as 49 basis points to 11.69 percent.
The 3-month yield fell 23 basis points to 10.00 percent and the 6-month yield fell 21 basis points to 11.32 basis points.
The state debt office, which is a unit of the Central Banks said 15 billion rupees of maturing bills were offered to the market and 16.9 billion rupees of offers accepted.
Sri Lanka's bill yields fallen steadily over the month with the Central Bank also signaling a 25 basis point rate cut.
Sri Lanka's Treasuries yields started to fall from around September but renewed speculative pressure in forex markets amid term auctions of cash halted the trend.
Since November 30, 3-month yields have fallen 79 basis points, the 6-month yield has fallen 77 basis points and the 12-month yield has fallen 116 basis points.
source - www.lbo.lk
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