ECONOMYNEXT - Sri Lanka's Treasuries yields rose across maturities Wednesday with the 3-month yield up 7 basis points to 6.22 percent from a week earlier, data from the state debt office showed.
The 6-month yield rose 5 basis points to 6.31 percent and the 12-month yield rose 03 basis points to 6.31 percent.
The debt office sold 12.9 billion rupees of 3-month bills, 6.1 billion rupees of 6-month bills and 800 million rupees of 12 month bills totalling 19.92 billion rupees. There were 21.4 billion rupees of bills maturing this week with settlement on July 17.
There was also large bond maturity on July 15, where several auctions were held, with yield rising slightly. On Wednesday bond prices were largely unchanged, dealers said.
Excess liquidity in money markets rose sharply to 101.2 billion rupees Wednesday from 63 billion rupees a day earlier, indicating a dollar conversion to rupees. A 300 million dollar bond sale was also settled on July 15.
However data show that Sri Lanka has started to monetize debt, with domestic assets of the Central Bank starting to climb.
The 6-month yield rose 5 basis points to 6.31 percent and the 12-month yield rose 03 basis points to 6.31 percent.
The debt office sold 12.9 billion rupees of 3-month bills, 6.1 billion rupees of 6-month bills and 800 million rupees of 12 month bills totalling 19.92 billion rupees. There were 21.4 billion rupees of bills maturing this week with settlement on July 17.
There was also large bond maturity on July 15, where several auctions were held, with yield rising slightly. On Wednesday bond prices were largely unchanged, dealers said.
Excess liquidity in money markets rose sharply to 101.2 billion rupees Wednesday from 63 billion rupees a day earlier, indicating a dollar conversion to rupees. A 300 million dollar bond sale was also settled on July 15.
However data show that Sri Lanka has started to monetize debt, with domestic assets of the Central Bank starting to climb.
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