Sri Lanka Treasuries yields flat

Sept 12, 2012 (LBO) - Sri Lanka's Treasury bill yields were flat across maturities at Wednesday's auction, with only 7.







3 billion rupees of bills being sold out of 9.
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0 billion rupees offered, data from the state debt office showed. In 2011 rates were manipulated by 'quantity easing' along the yield curve involving large volumes of rupee injections in to the banking system, triggering a balance of payments crisis, which required very high interest rates to fix.

However on Wednesday secondary market yields also eased, dealers said.

Earlier data has shown that bank credit growth is also easing. The 3-month yield was flat at 11.

44 percent, the 6-month yield was 13.12 percent and the 12-month yield was at 13.





36 percent.

The debt office said 2.3 billion rupees of 3-month bills, 2.

3 billion rupees of 6-month bills and 2.6 billion rupees of 12-month bills were sold.

Treasury bill yields are usually rock steady when interest rates are manipulated by the monetary authority.