Sri Lanka treasuries yields fall after rate cut

Mar 19, 2009 (LBO) - Sri Lanka Treasury bill and bond yields fell across the board Wednesday by around 40 basis points following a 175 basis point rate cut, the government's debt office and dealers said.





A bond maturing on 01.08.2013 fell from around 17.90 levels to 17.20 percent levels, dealers said.

At the weekly auction of treasuries, the debt office sold 9.

85 billion rupee of bills after offering only 7.

0 billion and yields fell.

The 2-month yield slipped 53 basis points to 14.

94 percent, the 6-month yield fell 40 basis points to 16.47 percent and the 12-month yield fell 33 basis points to 17.36 percent.

In bond markets, a bond maturing on 01.

08.2010 fell to around 17.00 percent and was quoted around 16.




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90/17.10 percent compared to 17.60 levels seen a day earlier, dealer said.

A bond maturing on 01.04.2012 fell from 17.90 percent levels to 17.40 percent levels.