Sri Lanka Treasuries yields up

June 27, 2012 (LBO) - Sri Lanka's Treasuries yields rose across maturities at Wednesday's auction with 6-month yields rising most by 14 basis points to 12.





47 percent, data released by the state debt office showed.

The 3-month yield rose 08 basis points to 11.

12 percent and the 12-month yield rose 10 basis points to 12.88 percent.

The debt office said 15 billion rupees of bills were offered at the auction and bids for 11.

7 billion were accepted from the market.

The debt office sold 3.0 billion in three month bills, 6.0 billion in six month bills and 2.

7 billion rupees in 12-month bills.

Analysts have urged the Central Bank to sell down its T-bill stock and destroy liquidity to help push the exchange rate up.