ECONOMYNEXT - Sri Lanka's 3 and 6-month Treasuries yields were help flat at 6.78 percent and 7.07 percent at Wednesday's auction with all bids for 12-month bills rejected, data from the state debt office showed.
The debt office which is a unit of the Central Bank said it sold 5.26 billion rupees of 3-month bills and 617 million rupees of 6-month bills, totalling 5.87 billion rupees after offering 20 billion rupees of bills to the public.
There was an estimated 24 billion rupees of bills maturing this week.
There is a large almost 200 basis point gap between the 12 month bill yield and the 2-year bond yield due to monetization of short term debt in recent months and effective defence of at least the 3-month yield by the Central Bank.
The debt office which is a unit of the Central Bank said it sold 5.26 billion rupees of 3-month bills and 617 million rupees of 6-month bills, totalling 5.87 billion rupees after offering 20 billion rupees of bills to the public.
There was an estimated 24 billion rupees of bills maturing this week.
There is a large almost 200 basis point gap between the 12 month bill yield and the 2-year bond yield due to monetization of short term debt in recent months and effective defence of at least the 3-month yield by the Central Bank.
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