Tuesday, January 22, 2013
Sri Lanka Treasuries yields fall
Jan 22, 2013 (LBO) - Sri Lanka's Treasuries yields fell across maturities at Wednesday's auction with the 6-month yield falling as much as 17 basis points to 10.41 percent, data from the state debt office showed.
The 3-month yield fell 12-basis points to 9.63 percent and the 12-month yield fell 01 basis point to 11.25 percent.
The debt office said 20 billion rupees of maturing bills were offered to the market and 18.55 billion rupees worth bids were accepted.
Meanwhile in money markets excess liquidity has built up partly due to dollar inflows bought by the monetary authority.
However in January the Central Bank also gives a provisional advance of printed money to the finance ministry, which if not sterilized weakens the currency or triggers foreign reserve losses.
source - www.lbo.lk