On Tuesday at the weekly auction of treasury securities 12-month bill yields fell 32 basis points to 13.41 percent from 13.73 percent.
The 6-month bill yield fell to 13.15 percent from 13.39 percent and the 3-month bill fell to 12.05 percent from 12.20 percent.
In the stock market John Keells Holdings, a diversified group was up 14.00 rupees to 109.50, Commercial Bank was up 3.50 rupees to 81.50, DFCC was up 8.50 to 106.50 and Distilleries was up 8.50 to 98.50 rupees.
Updated The central bank said its discount window with unrestricted access would be at 11.50 percent instead of an earlier 13.00 percent from Wednesday effectively bringing down its main signal policy rate by 150 basis points.
Bond yields remained steady after the rate cut, though the rates fell steeply on Tuesday in anticipation of a rate cut.
The 4-year bond maturing on 01.02.2013 bond fell from 14.15 percent levels to 13.00 percent levels Tuesday ahead of the monetary policy announcement.
Aft