Yields in Sri Lanka T-bill rise amid speculation over local debt restructuring  | Sinhala News

Sri lanka News – Yields in Sri Lanka’s Treasury bills rates rose on Wednesday (28) in the secondary market while treasury bonds remained unquoted as speculations over possible local debt restructuring with a haircut weighed on the sentiment, dealers said.

Sri Lanka has already started primary level negotiations with foreign creditors over the debt restructuring. But currency dealers said investors are increasingly concerned over possible local debt restructuring because the central bank has not completely ruled out such possibility.

Yield in three-month T-bill closed at 31.75/32.75 percent, up from Tuesday’s close of 31.25/32.00 percent.

The one-year treasury bill closed at 29.30/30.00 percent up from 29.00/29.30 percent at the previous close.

In the primary markets, however, the yields edged down across the tenures at a weekly auction on Wendesday.

No bonds were quoted on Wednesday.

Dealers said, investors in the bond market are looking for some cues from the bond auction scheduled for Thursday (29).

Sri Lanka’s central bank’s guidance peg for interbank transactions on Wednesday was 362.90 rupees against the US dollar, unchanged from Tuesday.

Data showed that commercial banks offered dollars for telegraphic transfers between 369.90 and 370.00 for small transactions.

Banks offered to buy inward remittances at 359.90 -360.00 rupees. (Colombo/Sept28/2022)

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