Sri Lanka Treasuries yields up sharply

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 08, 2011 (LBO) - Sri Lanka's Treasuries yields rose as much as 15 basis points at auction Tuesday, a week after an entire auction was rejected, data from the state debt office showed.
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Meanwhile Sri Lanka's inflation index in the capital Colombo eased to 5.
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1 percent in October.

Corrected/date The 3-month yield rose 10 basis point to 7.39 percent from two weeks ago, the 6-month yield rose 10 basis points to 7.

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45 percent and the 12 month yield rose 15 basis points to 7.59 percent.

Sri Lanka's interest rates have been rising amid high credit growth and defence of a currency peg.

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