Sri Lanka treasuries yields plunge

April 29, 2009 (LBO) - Yields on Sri Lanka's treasuries plunged across the board at the weekly auction Wednesday with the 12-month yield falling 135 basis points to 14.


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05 percent, the government's debt office said. The 6-month yield fell 95 basis points to 13.
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95 percent, and the 3-month yield fell 73 basis points to 12.65 percent.

The debt office, which is a unit of the central bank said 7 billion rupees of bills were maturing and 7 billion was rolled over with 1.

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5 billion rupees of 3-month bills, 2.0 billion of 6-month bills and 3.
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5 billion rupees of 12-month bills.
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The central bank has cut rates steeply since the beginning of the year.

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