Treasury bill auction held on 26 November 2014
http://www.cbsl.gov.lk/pics_n_docs/latest_news/press_20141126.pdf
Sri Lanka Treasury bill yields frozen
Nov 26, 2014 (LBO) – Sri Lanka's Treasury bill yields were flat at Wednesday's auction with the 12-month yield unchanged at 6.00 percent, data from the state debt office showed.
6-month yield was also frozen at 5.84 percent though the debt office not offered 6-month bills at the last auction.
The debt office offered 12.00 billion rupees of maturing debt for roll-over and sold 10.55 billion rupees in bills.
The debt office which is part of the island's central bank not offered 3-month short term bills for the auction.
- DocStockTop contributor
- Posts : 239
Join date : 2014-03-17
Re: Treasury bill auction held on 26 November 2014
Can some erudite financial expert illuminate us on how treasury bills/rates affect the economy/stock market?
- sereneTop contributor
- Posts : 4850
Join date : 2014-02-26
Re: Treasury bill auction held on 26 November 2014
DocStock wrote:I have always wondered what this is about?
Can some erudite financial expert illuminate us on how treasury bills/rates affect the economy/stock market?
Same here mate.
- rainmaker
- Posts : 132
Join date : 2014-03-15
Re: Treasury bill auction held on 26 November 2014
The process is via an auction with the lowest cost being achieved and hence submitting ridiculous bids is a waste of time
The primary market consists mainly of state banks and the EPF.