ECONOMYNEXT - Sri Lanka's Treasuries yields rose across maturities at Wednesday's auction with the 3-month yield up 26 basis points to 6.79 percent, data from the state debt office showed.
The 3-month yield rose 20 basis points to 7.07 percent, and the 12-month yield also rose 20 basis points to 7.17 percent.
The debt office, which is a division of the Central Bank sold only 3.9 billion rupees of bills after offering 12.0 billion rupees for auction, with a little over 10 billion rupees of bills maturing this week.
In times of balance of payments trouble the Central Bank has a habit of rejecting bids and buying Treasury bills to inject more money into banks to sterilize forex sales.
The 3-month yield rose 20 basis points to 7.07 percent, and the 12-month yield also rose 20 basis points to 7.17 percent.
The debt office, which is a division of the Central Bank sold only 3.9 billion rupees of bills after offering 12.0 billion rupees for auction, with a little over 10 billion rupees of bills maturing this week.
In times of balance of payments trouble the Central Bank has a habit of rejecting bids and buying Treasury bills to inject more money into banks to sterilize forex sales.
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