Sri Lanka, March 20 -- At yesterday's weekly T-bill auction, the weighted average yield rates experienced a further decline across the board.

The weighted average yield rates for the three-month, six-month and 12-month T-bills stood at 7.50 percent, 7.84 percent and 8.25 percent, respectively, reflecting auction yield drops of 2bps, 2bps and 9bps. Furthermore, the Central Bank offered a total of Rs.143.0 billion worth of T-bills collectively and this amount was fully subscribed.

At yesterday's secondary market, market participants continued to maintain the persistent buying stance from recent days, causing the secondary market yield curve to taper down further from the short to mid end. Investor interest was predominantly focused on 20...