The yield of the T-bonds at secondary market elevated further in January expecting a rate hike

The secondary bond market yields continue to increase as the 10-year bond rate hit above 12% at the primary auction today at PDD. The government bond rates have been increasing trend towards the end of the year 2021. CBSL is expected to announce the monetary policy stand on 20th Jan in an environment where food inflation skyrocketed to 22% and overall inflation hit a multi-year high of 12%.