Sri Lanka Treasuries yields steady

June 01, 2011 (LBO) - Sri Lanka's Treasury bill yields were steady at Wednesday's auction the government's debt office said, with only a part of maturing bills being sold to real buyers.
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The 3-month yield moved up 01 basis point to 7.

10 percent, the 6-month yield also moved up a basis point to 7.20 percent and the 12-month yield was flat at 7.35 percent.

The debt office, which is a unit of the Central Bank said out of 10 billion rupees of maturing bills only 9.3 billion rupees of bids were accepted from real buyers.
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The term is usually used to indicate that the Central bank has bought the bills with printed money to avoid default. Sri Lanka's inflation rose 8.8 percent in May from a year earlier. At the shorter end treasuries have had a negative real yield for several months.