Sri Lanka’s Treasury bill yields rose across all maturities with three-month yields rising 30 basis points to 10.11 per cent, six-month yields 24 basis points to 10.18 per cent and 12-month yields 15 basis points to 10.45 per cent, the data released by the Public Debt Department of the Central Bank following today’s auction said. 

According to the Debt Department, the auction was oversubscribed with bids amounting to Rs.21.1 billion being received. But, it was decided to accept Rs.9.47 billion from the auction.   

Sri Lanka’s Central Bank on February 3, upped policy rates by 50 basis points to curb credit growth that was resulting in a widening trade deficit.