9 billion rupees of bills being sold to market bidders, the state debt office said.
The 3-month yield rose 09 basis points to 12.
19 percent, the 6-month yield rose 10 basis points to 12.
30 percent and the 12-month yield rose 13 basis points to 12.49 percent.
The debt office said 8.0 billion rupees of 3-month bills, 3.
3 billion in 6 month bills and 510 million rupees of 12 month bills were sold.
The debt office originally offered 10 billion rupees of bills for roll over. There appeared to be no money printing to keep rates down, analysts said.
After the auction, bill traded at slightly lower yields, which analysts say may result more bids coming at moderate rates next week.
Higher bill yield have made more cash come into the Treasuries markets.
Last year Sri Lanka triggered a balance of payments crisis mainly by intervening in Treasury bills markets to keep rates low, sometimes rejecting entire auctions.
Such actions have preceded previous balance of payments crisis.
As the state printed money to repay debt, the money fled to banks, which loaned them to the economy helping intensify a balance of payments crisis.
Rates have risen about 500 basis points since attempts were made to manipulate auction rates.
The rupee has also fallen from 109 rupee to 130 rupees.