Sri Lanka’s three-month treasury yield advanced by 7 basis points (bps) to 6.45% while 6 months yield increased by 14bps to 6.83% at today’s Treasury bill auction, official data showed.

Accordingly, one year treasury bill rate inclined from 7.11% to 7.30% (+19bps). CBSL offered LKR 22bn worth of Treasury bills today and the auction was oversubscribed by 2.0 times with bids received amounting to LKR 43.1bn. It was decided to accept LKR 7.4bn worth of bills.