Treasury bill rates rise

   

Sri Lanka’s weekly Treasury bill auction saw the three month and the six month rates climbing by over 50 basis points, while the one year rate rose by 37 basis over the previous week’s rate.

The latest rise in yields follows a rate hike on Sri Lanka’s key policy rates, which  took place on the final working day of the previous week.
Accordingly, the three month bill rate rose to 11.62% from last weeks 11.05% while the six month rate moved up to 11.65% from the previous weeks 11.06%.
The one year rates rose to 11.69% from last weeks 11.32%.
The auction was oversubscribed with bids received running up to Rs. 16.73 billion while the bank has accepted Rs. 5.82 billion worth of bids to settle Rs. 10 billion worth of maturing treasury bills.