Sri Lanka government treasuries edge up in tight conditions

February, 07 (LBO) - Sri Lanka treasuries yields edged up by an average 24 basis points at Wednesday's auction, the public debt office reported, but dealers said cut-off rates had moderated from a week earlier.



The weighted average yield for all maturities went up to 13.

64 percent from 13.4 percent a week earlier.

Three month bills were up by 28 basis points to 13.

55, 6-month bills were up 27 basis points to 13.

59 percent and 12-month bills were up 28 basis points to 13.86.

But dealers say cut-off rates seem lower than a week earlier at around 14.

10 for one year bills compared with 14.



5 percent at the last auction.

The central bank said the next monetary policy statement scheduled for February 15, had been put off for February 23.

The public debt department called for bids to re-issue 12 billion rupees of maturing t-bills but only 7.

3 billion was re-issued. The balance was retired. .