Sri Lanka bill yields flat

Sept 01, 2009 (LBO) - Sri Lanka Treasuries yields were flat for the fourth week running at Tuesday's auction with the 3-month yield at 10.55 percent, down 02 basis points and the 6-month yield at 11.42 percent, down 01 basis point, the government's debt office said.

However the Central Bank has been sterilizing liquidity on a net basis, since the float of the currency in March and April.
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The 12-month yield was unchanged at 11.98 percent.

The Central Bank accepted only 8.8 billion rupees of bids from the market, though 12.0 billion rupees of bills were maturing, the debt office, which is a unit of the Central Bank said.

Sri Lanka's bill yields have been flat for around four weeks running, which is usually an indication of monetization.