Sri Lanka Treasuries yields fall

Sept 30, 2009 (LBO) - Sri Lanka Treasuries bill yields fell across the board at Wednesday's auction with the 3-month yield dropping 22 basis points to 9.



48 percent, the government's debt office said. The 6-month yield fell to 09 basis points to 10.

63 percent. The 12-month yield fell 08 basis points to 11.



09 percent.

The debt office, which is a unit of the Central Bank, said out of 11.

0 billion rupees of maturing bills, 8.

1 billion rupees worth securities were sold to market participants.

A day earlier the Central Bank sold out 1.

8 billion rupees of 07 day bills to sterilize market liquidity which has been high due to foreign inflows.

The Central Bank said it is expecting lower risk free yields to spread to the banking sector and stimulate lending.

Correction: 6-month yield 10.63 percent