T-bill yields flat, 3-month bids rejected

22 August 2013 03:12 am - 0     - {{hitsCtrl.values.hits}}

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Sri Lanka’s Treasury yields edged down at yesterday’s Treasury bill auction with bids for 3-month bills were rejected, a press statement issued by the Public Debt Department of the Central Bank showed.

The 6-month bill yields came down 1 basis point to 9.65 percent with 12-month bill yields also falling 1 basis point to 10.55 percent.

The government sold Rs.750 million in 6-month bills and Rs.8.18 billion in 12-month bills.

Bids received worth of Rs.1.58 billion for 3-month bills were rejected.

The auction was held to re-issue Rs.6 billion maturing bills. The Central Bank last Friday kept the policy rates unchanged— repurchase rate and the reverse repurchase at 7 percent and 9 percent, However the bank noted that there is more space for market lending rates to decline further.
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