Massive correction on interest rate pushed T-bill yields up by 0.30 pct to 0.38 pct up

At the first auction after CBSL remove the cap rate on the 364Days T-bills, the yield of 91Days jumped from 6.08% to 6.38%, 364Days from 6.12% to 6.50%. But interestingly the CBSL was not able to sell targeted amount of LKR 39.5Bn at this primary auction and end up with only selling LKR 20.2Bn or 51%.