Sri Lanka treasury bill yields spike ahead of elections

Sri Lanka treasury bill yields spike ahead of elections

ECONOMYNEXT – Sri Lanka’s Treasury bill yields shot up across maturities at Wednesday’s auction, ahead of the presidential election this week, with 160.9 billion of an offered 170 billion of bills sold, data from the debt office showed. The 3-month yield was up 50 basis points to 10.49 percent, with all 90 billion rupees of bills offered sold. The 6-month yield was up 52 basis points to 10.76 percent, with all 70 billion rupees of bills offered …