ECONOMYNEXT - Sri Lanka has sold 33.32 billion rupees of Treasury bills with 3 and 6 month yields easing slightly, data from the state debt office showed.
The debt office sold 9.85 billion rupees of 3-month bills at 6.71 percent, down 02 basis points from a week earlier, 18.2 billion rupees of 6-month bills at 7.03 percent, down 01 basis point and 5.2 billion rupees of 12-mont bills at 7.10 percent, unchanged.
The debt office sold a total of 33.3 billion rupees of bills after offering 25 billion rupees for auction.
An estimated 38 billion rupees of bills are maturing this week.
Sri Lanka's central bank rejects market auction for Treasuries and takes it into its own balance sheet triggering balance of payments pressure when credit growth picks up.
On Monday however, data showed that it sterilized a large foreign exchange purchase from dollar bonds, which analysts say will help build up reserves which can be used to settle foreign loans or swaps.
The debt office sold 9.85 billion rupees of 3-month bills at 6.71 percent, down 02 basis points from a week earlier, 18.2 billion rupees of 6-month bills at 7.03 percent, down 01 basis point and 5.2 billion rupees of 12-mont bills at 7.10 percent, unchanged.
The debt office sold a total of 33.3 billion rupees of bills after offering 25 billion rupees for auction.
An estimated 38 billion rupees of bills are maturing this week.
Sri Lanka's central bank rejects market auction for Treasuries and takes it into its own balance sheet triggering balance of payments pressure when credit growth picks up.
On Monday however, data showed that it sterilized a large foreign exchange purchase from dollar bonds, which analysts say will help build up reserves which can be used to settle foreign loans or swaps.
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