Marginal rise in Sri Lanka Treasuries yields
Treasury auction data of Wednesday (3) from the state debt office showed that Sri Lanka’s 12-month Treasuries yield sent up by 2 basis points to 9.6%.
Also the 6-month yield climbed up by 3 basis points to 9.3%.
The debt office sold LKR 10 billion worth of 6-month bills and LKR 8 billion worth of 12-month bills. But there were no sales of 3-month bills.
Sri Lanka’s Treasury bill yields have risen over the past two weeks, after falling sharply in earlier weeks. However bond yields have eased.
OSL TAKE:
Rise in Sri Lanka Treasuries yields indicate a reduction in price which will attract investors to purchase bills at low prices. Purchasing of Treasury bills at reduced prices will create a rise in demand which will then lead to a drop in yields and an eventual rise in prices enabling the purchaser to offload at a profit.
| Article Code : | VBS/AT/31082017/Z_3 |