Sri Lanka Treasury Bill yields fell to a record low at Wednesday's (22) auction.

Accordingly, the three-month yield was down to 4.60% from 4.65%, the six-month yield was down to 4.69% from 4.75% and the 12-month yield was down to 4.86% from 4.91%.

The debt office of the Central bank decided to accept Rs. 6,401 million from the auction of three-month yield, Rs.11,385 million from the auction of six-month yield and  Rs. 17,314 million from the auction of 12-month yield.

The auction was oversubscribed with bids amounting to Rs. 64,261 million being received. The Central Bank of Sri Lanka decided to accept Rs. 35,100 million from the auction.

In the last week auction, the Sri Lanka Treasury Bill yields fell across the board to their lowest levels since 1989. Treasury Bill rates fell below 5%.