Sri Lanka's short term Treasury bill yields continued to drop at yesterday's T-bill auction for the re-issue of Rs.25 billion maturing bills.
The three-month bill Yields fell 15 basis points to 1086 percent while the six-month yields fell 17 basis points to 12.12 percent.
However, the twelve-month T-bill yields continued its upward trend wtih a rise of 6 basis points to 12.66 percent.
According to the Central Bank's Public Debt Department, yesterday’s auction was oversubscribed with bids amounting to Rss.56.3 billion being received.
It was decided to accept Rs.20.4 billion from the auction.