ECONOMYNEXT - Sri Lanka's Treasury 6 and 12-month Treasury bill yields rose at Wednesday's auction data from the State debt office showed, with bids for 3-month bills being rejected.
The 6-month yield rose 07 basis points from a week earlier to 6.50 percent and the 12-month yield rose 06 basis points to 6.54 percent.
The rise was despite over 24 billion rupees of debt being monetized over the week.
On August 03, the Central Bank's Treasury Bill stock rose from 66 to 90 billion rupees and liquidity also rose in money markets with data also showing some conversions of dollar debt.
Sri Lanka's credit system is being pressured rising State domestic borrowing and sell-offs of rupee debt by foreign investors, after policy rates were brought to record lows.
The 6-month yield rose 07 basis points from a week earlier to 6.50 percent and the 12-month yield rose 06 basis points to 6.54 percent.
The rise was despite over 24 billion rupees of debt being monetized over the week.
On August 03, the Central Bank's Treasury Bill stock rose from 66 to 90 billion rupees and liquidity also rose in money markets with data also showing some conversions of dollar debt.
Sri Lanka's credit system is being pressured rising State domestic borrowing and sell-offs of rupee debt by foreign investors, after policy rates were brought to record lows.
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