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Interest rates show a significant drop during TB auction

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Colombo (LNW): Interest rates indicated a significant decline at yesterday’s (16) treasury bond auction, demonstrating that the 91-day bill yield rate decreased by 223 basis points to 17.55 per cent from 19.78 per cent, and the 182-day bill yield rate by 224 basis points to 14.87 per cent from 17.11 per cent, a statement by the Central Bank of Sri Lanka (CBSL) revealed. Further, the 364-day bill yield rate dropped by 75 basis points to 13.19 per cent from 13.94 per cent.
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