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.
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|