Sri Lanka treasuries fall

May 5, 2009 (LBO) - Sri Lanka's Treasuries yields fell across the board with the 12-month yield falling 27 basis points to 13.78 percent at Tuesday's auction, the government's debt office said. The 6-month yield fell 51 basis points to 13.44 percent and the 3-month yield fell 43 basis points to 12.22 percent.

The government sold 4.9 billion rupees of 12-month bills, 5.8 billion rupees of 6-month bills and 2.8 billion rupees of 3-month bills.

The debt office, which is a unit of the central bank, said 10 billion rupees of bills were rolled over and another 3.

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7 billion rupees worth bills were sold.

The auction is usually held on Wednesday, but a local religious holiday falls on they usually settlement day on Friday.

The central bank has cut rates by 600 basis points to 13.0 percent over the course of 2009.

Sri Lanka inflation also fell to 2.

9 percent in April. Private sector credit growth has turned negative from December.

Updated