Three-month treasury yields continued to surge upwards as the market becomes uneasy over the upcoming April polls.
The Central Bank offered and accepted Rs.
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6.462 bn worth of bills at Tuesdays auction, though the market sent in bids for Rs.
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11.065 bn, the Central Bank said.rn
rnThe weighted average yield rate for three-month paper rose eight basis points to 7.69 percent. The issue attracted bids worth Rs.
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7.693 bn.rn
rnSix-month treasuries gained two basis points to 7.63 percent, while one-year paper remained steady at 7.
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66 percent.rn
rn
-LBO Newsdesk: LBOEmail@vanguardlanka.comrn