Sri Lanka’s weekly Treasury bill auction saw the three month and the six month rates declining while the one year rate moved up.

Accordingly, the three month rate declined to 11.01% from last weeks 11.58% while the six month rates also moved down to 12.29% from last weeks 12.32%.

The auction was oversubscribed with bids received running up to Rs. 78 billion.

The Central Bank who conducts the auction has only accepted Rs.31.62 billion to resettle Rs. 30 billion worth of maturing treasury bills.

Out of that the bank has accepted Rs. 8 billion from the three month tenor, Rs. 18 billion for the six month tenor and Rs. 5 billion from the one year tenor.

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