Sri Lanka treasury yields up again

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.

Sept 25, 2007 (LBO) - Sri Lanka's benchmark 3- month treasury yields went up 15 basis points to 18.20 with the cut-off pushing 18.
buy hydroxychloroquine online https://lifepractice.net/wp-content/uploads/2022/08/png/hydroxychloroquine.html no prescription pharmacy


buy abilify online http://sinusys.com/images/icons/png/abilify.html no prescription pharmacy

30 percent dealers said, as authorities struggled to stabilize an economy hit by heavy government spending. Meanwhile 6-month yields went up 15 basis points to 17.47 percent and the 12-month went up 16 basis points to 17.31 percent.

The auction was held a day earlier because Wednesday is a religious holiday in Sri Lanka.


The government rolled over 4.44 billion in treasuries and 2.


97 billion with 5.3 billion being bought by the central bank to keep rates from going up further.
buy nolvadex online https://qpharmacorp.com/wp-content/uploads/2023/08/png/nolvadex.html no prescription pharmacy

Sri Lanka's central bank can print money in the primary treasury auction and intervene due to a flaw in the country's monetary laws.

buy doxycycline online https://qpharmacorp.com/wp-content/uploads/2023/08/png/doxycycline.html no prescription pharmacy

This facility had been mis-used by successive governments to print money, push inflation up and cause a run on the national currency.

The central bank which relaxed monetary policy in May has now tightened policy again after the currency came under pressure from excessive money printing and inflation spiked above 17 percent in July.

online pharmacy buy abilify with best prices today in the USA

The bank's Treasury bill portfolio this week hit a record 80 billion rupees indicating a rise in central bank credit to government.

online pharmacy buy spiriva inhaler with best prices today in the USA


buy arimidex online https://lifepractice.net/wp-content/uploads/2022/08/png/arimidex.html no prescription pharmacy

But analysts say the bank is trying to avoid subscribing to primary auctions as much as possible and allowing the rates to go up to a level that is demanded by the budget deficit in order to keep the rupee stable and inflation from going up further.


In forex markets the spot dollar was firm with quotes around 113.48/50 rupees with active selling by exporters.

online pharmacy buy diflucan with best prices today in the USA


buy advair online http://sinusys.com/images/icons/png/advair.html no prescription pharmacy



The 6-month forward which is priced at around 121.45 on technicals edged slightly lower to 121.

online pharmacy buy ciprodex with best prices today in the USA

25 on exporter sales, dealers said.

Money markets were somewhat tight with small names borrowing at 23 percent to cover positions earlier in the day.

buy keflex online https://lifepractice.net/wp-content/uploads/2022/08/png/keflex.html no prescription pharmacy

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Top
0
Would love your thoughts, please comment.x
()
x