Thu, 22 Feb 2024 Today's Paper

T-bill yields plunge after rate cut

15 May 2013 08:53 am - 0     - {{hitsCtrl.values.hits}}

A A A

Treasury bill yields plunged in the first bill auction after a 50 basis point policy rate cut by the Central Bank last week, the data released by the Public Debt Department of the central Bank showed.

The 3-month bill yields fell as much as 43 basis points to 8.75 percent while 6-month yields fell 29 basis points to 9.91 percent. The12-month bill yields plunged 45 basis points to 10.84 percent.

The government sold Rs.1 billion worth of 3-month bills, Rs.2.9 billion worth of 6-month bills and Rs.15.19 worth of 12-month bills.

The auction was held to re-issue Rs.15 billion maturing bills and was versubscribed with bids amounting to Rs.42.6 billion.

The Central Bank last Friday cut the policy rates from 50 basis points thereby placing the repurchase rate at 7.00 percent and the reverse repurchase rate at 9.00 percent.

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

  Comments - 0

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment





Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Human lives at stake… When protectors of the law become predators

On Thursday (January 18), a sub-inspector attached to the Narammala Police St

Research on sex work during Lankan civil war: Sex workers and their faint cries to access basic rights

A broken pair of rubber slippers kept on a display caught this writer’s eye

Newlywed Sri Lankans forced to remain childless

The ongoing economic crisis in the country is not only impacting the availabi

Paramedics and docs in tug of war over raise in DAT allowance

On Tuesday (January 9), staffers in the paramedic services launched an unanno