Capital TRUST Research
February 5, 2025 at 10:52 AM
*T-Bill Yields Continue Weeks-Long Descent*
At today’s Treasury Bill auction, yields continued their downward trajectory across all three maturities, marking the ninth consecutive week of declines. The 3-month yield dropped 14 bps to 7.79%, the 6-month yield declined 9bps to 8.00%, and the 1-year benchmark yield fell 4bps to 8.43%. The Central Bank raised LKR 180Bn, fully raising what it set out to raise from the three tenors, while the auction was oversubscribed by 2.22 times.