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SRI LANKA BOND MARKETS ILLIQUID AFTER RATE SPIKE.
COLOMBO, Oct 1 Asia Pulse - Trading in Sri Lanka's bond markets dried up Tuesday as market participants took stock of a sudden spike in rates at an auction a day earlier, amidst turmoil in international markets, dealers said.
The government sold a bond maturing in July 2012 at 19.09 per cent on Monday, up steeply from an earlier auction of 17.48 per cent on September 18.
A bond maturing in June 2011 was sold for 19.22 per cent up from 17.89 per cent on September 18.
A bond maturing in July 2010 was sold at 19.33 per cent up from 18.18 per cent at the last auction on August 01.
Rates have been rising steadily over the last week amidst ...
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