Sri Lanka Treasuries yields up

L to R: Samantha Ranatunga, Chairman, HVA Foods PLC; Jan Müggenburg, Chief Executive Officer, Müggenburg Group; Graham Stork, Chief Executive Officer, HVA Foods PLC; Sarva Ameresekere, Group Chairman, George Steuart & Co. Ltd.

Nov 30, 2011 (LBO) - Sri Lanka's Treasuries yields rose across maturities with 12-month yields rising 49 basis points to 8.
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99 percent at Wednesday's auction, data from the state debt office showed. The peg came under pressure as interest rates did not keep pace with credit growth earlier in the year.
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The 3-month yield rose 25 basis points to 8.20 percent and the 6-month yield rose 32 points to 8.50 percent.

The state sold 4.7 billion rupees in 3-month bills, 1.8 billion rupees in 6-month bills and 3.

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0 billion rupees in 12-month bills.

Sri Lanka's interest rates have been under pressure from defence of a dollar peg.

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