Sri Lanka sells Rs81bn in Treasuries, yields steady
ECONOMYNEXT – Sri Lanka sold 81.6 billion rupees worth of Treasury bills at Wednesday’s auctio with most of funds coming from from 3-month T-bills with yields barely changed, data from the state debt office showed.
The debt office sold 72.9 billion rupees worth of 3-month bills at 31.94 percent down one basis points from a week earlier, after offering 35 billion rupees.
The cut-off was esimated around 32.7 percent, market participants said.
Only 4.4 billion rupees worth of 6-month bills were sold at 30.59 percent, down four basis points from the last week’s yield, after offering 28 billion rupees.
Only 4.2 billion rupees worth of 12-month bills were sold at 29.85 percent, down 2 basis points after offering 22 billion rupees.
The debt office offered 85 billion rupees of bills and sold only 81.6 billion through the auction.
The six and 12 month bills are offered on tap. (Colombo/Sep 28/2022)
